Business

Record selection of 38 Cameroonian start-ups in the 2018 edition of the Tony Elumelu Entrepreneurship Program

For this year 2018, no less than 38 Cameroonian start-ups are among the 1,000 African companies selected under the Tony Elumelu Entrepreneurship Program (TEEP), which aims to support 1,000 African start-ups through financing a total amount of 50 billion CFA francs over a period of 10 years.

This year, Cameroon has a record number of companies selected, after the 19 and 25 start-ups that caught the attention of the TEEF jury during the 2015 and 2016 editions of this program organized by the foundation of the Nigerian billionaire Tony Elumelu .

The increase in the number of Cameroonian start-ups eligible for this program in 2018 can be explained by the selection of 250 additional candidates (in addition to the 1,000 officials), thanks to sealed partnerships with the Red Cross, UNDP and Indorama.

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