Harvard University takes Tony Elumelu foundation as case study

In honour of the Tony Elumelu Foundation's charitable accomplishments, the Harvard Business School, the graduate business school of Harvard University, will highlight the organisation in what was called a "ground-breaking case study."

The case study, which is reportedly the first of its type on any charitable organisation in Africa, will be introduced on Thursday in front of a graduate student class in Boston, Massachusetts, according to a statement that was made accessible to The PUNCH on Wednesday.

It stated that the case study would explore the foundation’s “unique approaches and transformative initiatives, showcasing how strategic philanthropy offered by TEF is driving positive change and elevating countries and communities”.

It said that Harvard's decision recognised the foundation's important contributions to promoting entrepreneurship in Africa and emphasised the foundation's critical role in empowering young African entrepreneurs throughout all 54 African countries. It also put the foundation at the forefront of international conversations on transformative and catalytic philanthropy.

“In addition to delving into the foundation’s innovative approaches and the resultant impact it has garnered over the years, the event will also feature an exclusive acknowledgement of the founder of TEF, Tony Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the African continent,” the statement read.

Over the years, the Tony Elumelu Foundation has been accelerating the creation of jobs in all 54 African countries, eradicating poverty, empowering a new generation of African entrepreneurs, and advancing inclusive economic empowerment. 

The Foundation has trained over 1.5 million young Africans on its digital hub, TEFConnect, since the program's launch in 2015. It has also given over $100 million in direct funding to 20,000 young African women and men, who between them have created over 400,000 direct and indirect jobs.

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