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FIAT celebrates its first 125 years and smiles to the future

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FIAT

The celebration’s special guest is the 500e Giorgio Armani, the refined limited edition which will be distributed globally and pair Italian excellence to eco-sustainability

TURIN, Italy, July 12, 2024/APO Group/ — 

The “La Pista 500” at the Lingotto building in Turin hosted FIAT’s 125th anniversary “Smiling to the future” ceremony; Founded on July 11th 1899, FIAT (www.FIAT.com) is one of the longest-operating automotive brands in the world and is now set for an even brighter future. Olivier Francois, FIAT CEO, lays out FIAT’s vision for the next decade; World premieres for the Fiat 500e Giorgio Armani – the ultimate expression of Italian excellence – and the Fiat Grande Panda, the new global model which marks FIAT’s return to the Global mainstream market; Now open at the Pinacoteca Agnelli, the new Casa FIAT exhibition traces the brand’s history and its connection to the Lingotto building; The event is available on demand at the following link (https://apo-opa.co/3S41iLm). 

FIAT’s 125th anniversary “Smiling to the future” event has just come to a close at the Lingotto building in Turin. The ceremony was both a celebration of a milestone which few automakers reach and the beginning of a new chapter in the brand’s long history of success, social relevance, and leadership which has all been fueled by a customer-first approach. The important event [watch at the following link (https://apo-opa.co/3S41iLm)] was attended by members of the international press, representatives of public institutions – including Minister of Enterprise and Made in Italy, Sen. Adolfo Urso, Vice President of the Senate, Sen. Licia Ronzulli, President of the Commission for Productive Activities, Commerce and Tourism of the Chamber of Deputies, On. Alberto Luigi Gusmeroli, President of the Piedmont Region, Alberto Cirio, Mayor of Turin, Stefano Lo Russo – and the top management of Stellantis: John Elkann, Chairman of Stellantis, Carlos Tavares, Stellantis CEO, and Olivier Francois, FIAT CEO and Stellantis CMO.

John Elkann, Stellantis Chairman, stated: “FIAT was born in 1899 out of a passion for progress. It was among the few companies that managed to transition from a craftsmanship stage to the industrial era. It represented the freedom to move anywhere for millions of people, and to do so with style. For 125 years we have never stopped working, seeking solutions, believing in our future, and defending tenaciously what we have built. We want to thank all the people who made possible for that Turin startup to become Stellantis today, one of the largest car manufacturers in the world.”

Carlos Tavares, Stellantis CEO, stated: “I’m delighted to be in the home of FIAT in Turin to celebrate 125 years and share the emotion of such a moment with all stakeholders. As one of the most iconic brands in our Stellantis constellation, FIAT brings true Italian flavor to the heart of our customers worldwide. For the third year in a row, FIAT is Stellantis number one brand in terms of volume. It leads in four domestic markets across the planet: Italy, Brazil, Turkey and Algeria. It drives the charge to offer clean, safe and affordable mobility to citizens around the world. I want to thank all of those who hold FIAT so dear since generations and work hard every day to ensure another 125 years of rich history. Fiat team shares the same passion and the same desire to always make our customers smile.”

Olivier Francois, FIAT CEO and Stellantis Global Chief Marketing Officer, stated: “FIAT has been synonymous with social relevance over the last 125 years, offering our customers what they really need based on the times in which they are living. And our customers want iconic and affordable city cars; frugal and inclusive compacts; family mobility; commercial vehicles and, last but not the least, Abarth for everyday fun, which is exactly what FIAT offers. Currently we have launched FIAT’s comeback to the global mainstream based on 3 pillars: Italian design and development, global platform and local relevance—and the Grande Panda is the first member of our new global family. Therefore, over the next decade, we’ll have the right offer for every customer. Because the customer is at the centre of everything for us.”

On July 11th 1899 in Turin, the articles of association were signed for the “Società Anonima Fabbrica Italiana di Automobili – Torino”. Today, after having produced millions of cars, a common thread connects the brand’s past to its present and future: namely, a specific way of understanding cars which sets the brand apart at a global level to this day and has led to products which simplify everyday life and bring joy to the streets of the world. The celebration’s special guest is the 500e Giorgio Armani, the refined limited edition which will be distributed globally and pair Italian excellence to eco-sustainability. The event also starred the Fiat Grande Panda, the new global model which will kickstart the Italian brand’s new era and the first of a new generation of FIAT vehicles. Furthermore, the event premiered the first real images of two other models in the new global family—an SUV and a fastback—which were introduced last February as concepts and now are at an advanced stage of development and planned to be launched in the following years.

The celebrations held in Turin ended with a stunning parade of classic and contemporary FIAT vehicles which were divided into groups—icons, city cars, compact cars, family cars and light commercial vehicles—which showed themselves off on the Lingotto building’s legendary track to showcase the global Italian brand’s technological and historical heritage. Moreover, since its beginnings, FIAT has demonstrated a strong propension towards internationality, with models produced throughout the globe, while keeping its heart and soul in the Piedmont capital where it was founded. And today with the Grande Panda, thanks to the synergy and opportunities provided by Stellantis, a new season has arrived for FIAT which will be characterized by inclusivity, ingenuity, Italian style, and a global spirit.

Fiat 500e Giorgio Armani

An important partnership between Giorgio Armani and FIAT was announced to mark FIAT’s milestone anniversary, coinciding symbolically with the birthday of Maestro Giorgio Armani. These two globally recognized Italian brands, having previously collaborated in 2020 with the launch of an exclusive, one-off 500e, have united again to create what may be the ultimate expression of Made in Italy on four wheels: the 500e Giorgio Armani. Never before have two global icons of Italian design, style, craftsmanship, ingenuity, and success come together to create such an “instant classic.” As suggested by the commercial aired during the event, this is a car to be worn, not driven—a tribute to the mastery of Giorgio Armani and the Centro Stile FIAT in Turin. The designer collaborated closely with the FIAT team for months to distil the essence of the two brands into a single creation. The same meticulous attention to detail, care for materials, colors, and style that goes into a new car or a fashion collection was applied here. Now, FIAT and Giorgio Armani have hit the catwalk together with the new 500e Giorgio Armani on the “La Pista 500”.

This level of craftsmanship, treatment, and detailing is rarely found in this segment, but is a hallmark of the 500, which epitomizes Made in Italy and Italian excellence. These features gain even more significance and value having been developed in collaboration with the greatest name in Italian fashion. Proudly produced at the FIAT Mirafiori plant in Turin, the new 500e Giorgio Armani is exclusively available in a hatchback model that represents the unmatched elegance of Giorgio Armani and the bold personality of the Fiat 500e.

Two unique and exclusive colors have been created for the 500e Giorgio Armani: Dark Green Micinalised, a contemporary and technical color that firmly reflects Giorgio Armani’s style and taste, and Ceramic Greige, a sophisticated and refined shade invented by Armani that blends gray and beige to create both the color and name.

For the exteriors, the Italian designers aimed to reduce contrasts and decoration to achieve a more monochromatic effect: pure, minimal, and in line with Armani’s style. The standout exterior design element is the wheels, exclusively designed to represent the GA logo on a macro scale. They become the car’s star feature, ensuring it stands out from afar. The specific design not only underlines the partnership but also improves aerodynamic performance with a slightly 3D surface. The warm burnished bi-tone anodized effect and the light lateral grooves add an extremely refined touch.

The interiors showcase meticulous craftsmanship, with chevron stitching and three-dimensional patterns on the central seat inserts reminiscent of classic tailoring techniques. Elegant and of the finest quality, the materials used inside the vehicle can be combined with innovative and technical processes, such as laser-cut wood for the dashboard insert, which is as soft and enveloping as luxurious fabric, or with highly artisanal solutions such as the intricate embroidery. The new 500e Giorgio Armani features the Milanese Maestro’s logo on the wheels and seats, while his signature appears on the dashboard, interior door, and rear window.

The car includes Full LED Infinity Design headlamps and a glass roof. Technologically, it comes equipped with a premium JBL audio system, a 7″ TFT Display, a 10.25″ Touch Screen NAV, DAB Radio, and Wireless CarPlay/Android Auto.

The 500e Giorgio Armani is powered by an electric motor with an output of 87 kW and 118 hp, offering a range of up to 320 km in the WLTP combined cycle. It also includes the most advanced ADAS and Level 2 assisted driving system. In line with the brand’s mission to promote Made in Italy at a global level, the limited-edition model will be sold in Europe, North America, the Middle East and Africa, Japan, and Australia from next year.

Grande Panda: FIAT’s new global model

The Grande Panda marks FIAT’s return to the global mainstream market. It has been developed based on 3 pillars: Italian design, global platform and local relevance. Sustainability, inclusiveness, simplicity and beauty are the values which gave life to the project, while the design took inspiration from the iconic Panda from the 80s—the “blue jeans” of the automotive industry, something perfect for every occasion and for every customer. Therefore, it is a socially relevant car, the car for everybody.

The Grande Panda is the literal clone of the first Panda, making it a new B segment vehicle which is both affordable and family friendly. The Grande Panda’s price will start from less than €25,000 for the fully electric version.

Designed in Italy at the FIAT Centro Stile in Turin, the Grande Panda makes use of a simple idea: a one-of-a-kind multi-energy platform which is installable anywhere in the world, a strictly Italian design and the possibility of choosing the best powertrain fit based on the needs of the customers, wherever they might be. In short, the new model marks FIAT’s transition from local production to a global range.

FIAT has been synonymous with social relevance over the last 125 years, offering our customers what they really need based on the times in which they are living

Thanks to its smart solutions and ease of use, it will be the first Panda in history to belong to segment B and will make FIAT customers’ driving experience easier around the world.

The spiral charging cable stands out as one of the most innovative solutions, making the charging experience easier and “tidier” than ever. The Grande Panda is the first vehicle on the market to include an integrated charging cable, which works in alternating current up to 7 kW. The spiral cable has a special housing under the hood, which allows for space saving in the trunk, and encourages practical everyday use as it is easy to handle and avoids the grime of traditional cables. This solution sets itself apart with its easy process: after opening the lid, the second step is to take out the cable and connect it to the charging station. Once the charge is finished, it is possible to easily return it to its housing thanks to the spiral shape of the cable.

As with its predecessor, the iconic 1980s’ Panda which changed the way we experience the automobile for over 40 years, the Grande Panda sports a cool personality and unexpected features, as well as an innovative and intelligent use of space. Specifically, the new vehicle sets itself apart from other cars in B-segment with the unique compactness provided by its small size (3.99 meters in length—below the segment average— 1.57 meters in height and 1.76 meters in width) and well-organized capacity thanks to its compact volume: for example, the trunk is 361 liters and the total capacity of the storage compartments located in front of the front passenger is 13 liters.

Essentially, the Grande Panda is the ideal companion for families and today’s urban mobility as it is able to comfortably transport 5 people. Furthermore, the Italian spirit of the new vehicle is showcased through its iconic and ironic design, which is synonymous with beauty, and the exteriors feature a special combination of structured lines and soft yet bold surfaces which highlight the robust wheel arches. Everything is made even more distinctive and cooler through the presence of rear and front skid plates in silver, glossy-black pillar finishes, privacy windows and 17” diamond-cut alloy wheels with FIAT logo hubcaps and an eye-catching X design.

As a tribute to the classic Panda, the Grande Panda is equipped with 3D-branded, low-relief letters on the doors which reflect the surrounding environment and enhance the lower part of the side. Seven liveries are available on the Grande Panda – red, white, black, green, brown, blue and yellow, in keeping with the “No Grey” initiative. Inside, a special homage has been made to the Lingotto building’s track, which inspired some of the elements of the interiors. In fact, the dashboard as well as the polycarbonate frame including 10’’ cluster and 10.25” digital radio feature a one-of-a-kind style which calls back to the shape of the Lingotto track and creates a distinctive and evocative look.

Special attention has been paid to the optimization of the space, which has been used in a smart way: for example, there are 13 liters of storage in the dashboard, 3 liters of which are found in just one compartment, allowing for an embarrassment of choice when it comes to stowing objects—a simple and ingenious trademark-FIAT solution which recalls the 1980s’ Panda’s timeless “pocket” dashboard.

The first of the new FIAT family will be available both in electric and hybrid versions. With a 44kWh battery and an 83-kW e-motor, the electric Grande Panda offers over 320 km* of range in the WLTP combined cycle, making it the perfect vehicle both for everyday use in the city and for weekend trips.

* Provisional values under homologation

Casa FIAT: a unique site to immerse oneself in the FIAT universe

The 125th anniversary is the perfect occasion to inaugurate the new Casa FIAT museum exhibition, a project created by the Pinacoteca Agnelli in collaboration with FIAT. The exhibition traces the brand’s history and its relationship with the Lingotto building, the legendary factory and iconic site of the brand’s industrial production in Turin which was designed by Giacomo Matté Trucco in the 1920s and restored by Renzo Piano in the 1990s.

Thanks to the use of an interactive display, the exhibition branches off into various thematic areas – Car Design, Architecture, Society and Kids – giving visitors the possibility to completely immerse themselves in the FIAT universe. Inside the museum, the story of FIAT gets told, from its early days to its most recent evolutions. Casa FIAT symbolically revolves around the wooden 500 Master model, with a museum itinerary which begins with the company’s founding year of 1899, when the founders gathered to sign the articles of constitution of the Società Anonima Fabbrica Italiana – Torino, giving birth to the FIAT name.

The story proceeds decade by decade, presenting various key moments in its history like the production of the brand’s most iconic cars, including the Fiat Nuova 500, the compact two-seater sedan launched in 1957, and the FIAT Panda, the versatile and innovative car made in 1980 by the designer Giorgetto Giugiaro. Throughout this exhibition, FIAT highlights the importance of its past and its roots, without taking its eye off the future, as demonstrated by the new Grande Panda. FIAT’s story does not come to an end at Casa FIAT.

FIAT is a Partner of Turin 2024 Capital of Business Culture

Since 1899, the history of FIAT has always been linked to Piedmont’s capital and, in the year of the 125th anniversary of its founding, FIAT is a partner of “Turin 2024 Capital of Business Culture”. Awarded by the General Confederation of Italian Industry, thanks to the Turin Industrial Union’s efforts, the prestigious prize not only pays tribute to the city’s manufacturing history, but also recognizes the ability of Turin businesses to look towards the future and confront today’s challenges like the ecological and digital transition, artificial intelligence, and the path for a more sustainable and inclusive society. FIAT is a proud partner of “Turin 2024 Capital of Business Culture” and will actively participate in it with some special initiatives in the event’s program. This includes the exhibition “Turin to the future. Business culture, the culture of innovation” held at the National Museum of the Italian Risorgimento in Turin which is open free to the public until September 29th. The exhibition includes seven multimedia and visual sections installed within the monumental corridor of the Italian Chamber of the National Museum of the Italian Risorgimento, with a focus on the history of Turin’s industrialization. The thrilling tale comes to a close with an immersive section dedicated to the future prospects for entrepreneurship in Turin.

Distributed by APO Group on behalf of FIAT.

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Sierra Leone’s PDSL to Host Strategic Investor Roundtable at Paris Energy Forum

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The Petroleum Directorate of Sierra Leone will lead a targeted roundtable at Invest in African Energy 2026, spotlighting upstream potential and cross-regional partnerships

PARIS, France, March 24, 2026/APO Group/ –The Petroleum Directorate of Sierra Leone (PDSL) is set to convene an investor roundtable at Invest in African Energy (IAE) Forum 2026 in Paris, underscoring growing interest in West and North African energy markets and the need for deeper capital engagement across exploration, renewable and offshore services. The session reflects a strategic effort by Sierra Leone to connect its emerging upstream prospects with established operators and project developers as the country moves to unlock the full potential of its emerging oil and gas industry.

 

Sierra Leone is increasingly positioning itself as a frontier oil and gas market with significant offshore potential, and part of the PDSL’s mandate is to catalyze investment interest in its offshore acreage through direct engagement with global capital. Recent data suggest the country holds estimated recoverable resources in the tens of billions of barrels, backed by discoveries and extensive multi‑client seismic datasets that prospective investors are evaluating. The PDSL is actively promoting licensing opportunities and drilling plans, emphasizing fiscal terms and exploration readiness to attract strategic partners.

 

A cornerstone of this strategy is the anticipated launch of the country’s sixth licensing round. Offering a rare early-entry opportunity into a largely untapped deepwater terrain with considerable upside, the upcoming bid round is backed by fresh 3D datasets which de-risk exploration and support new drilling campaigns. Just this month, GeoPartners announced that the final Pre-Stack Time Migration data for its recently acquired 3D multi-client seismic survey in the country was complete and is now available for licensing. The dataset provides a 3D window into the hydrocarbon potential of the underexplored northern Sierra Leone region.

 

Sierra Leone’s licensing drive comes as major operators advance exploration activities. In 2025, Eni signed a Reconnaissance Permit Agreement with the PDSL, securing rights to conduct reconnaissance and technical evaluation activities across offshore blocks G113, G129, G130, G131 and G132. The acreage covers 6,790 square kilometers within Sierra Leone’s territorial waters. Nigeria’s F.A. Oil Limited is pursuing drilling following its award of six offshore blocks through the country’s fifth licensing round in 2023. The company is currently seeking a farm-in partner to advance the project from exploration to production, offering a 40% stake in each of the G Blocks 53, 54, 55, 71, 72 and 73.

 

As these development unfold, the upcoming roundtable at IAE 2026 offers a unique opportunity for operators and policymakers to engage potential investors. The IAE 2026 Forum has become a strategic bridge between African upstream opportunities and global investors, with sessions like the PDSL roundtable designed to foster deeper dialogue and provide clarity on project pipelines and investment prerequisites. Discussions are expected to cover mechanisms for de‑risking exploration activity, optimizing fiscal and contractual frameworks and identifying synergies between hydrocarbon investment and renewable energy commitments.

 

For investors seeking differentiated exposure to African energy markets, the Sierra Leone roundtable represents both a focused exploration of frontier oil potential and a broader conversation about regional infrastructure, partnerships and the evolving demands of energy capital in the years ahead.

 

IAE 2026 (www.Invest-Africa-Energy.com) is an exclusive forum designed to connect African energy markets with global investors, serving as a key platform for deal-making in the lead-up to African Energy Week. Scheduled for April 22–23, 2026, in Paris, the event will provide delegates with two days of in-depth engagement with industry experts, project developers, investors and policymakers. For more information, visit www.Invest-Africa-Energy.com. To sponsor or register as a delegate, please contact sales@energycapitalpower.com

 

Distributed by APO Group on behalf of Energy Capital & Power.

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Cape Town Prepares for African Mining Week 2026 as Draft Program Reveals Continent’s Mineral Drive

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African Mining Week returns for its 2026 edition with an expanded three-day program, bringing together African mining leaders and global partners to shape the future of the continent’s mining sector

CAPE TOWN, South Africa, March 24, 2026/APO Group/ –Global economic trends – from record-breaking commodity prices to intensifying geopolitical competition for resources – are reshaping the strategic importance of Africa’s mineral wealth. As global countries race to secure supply chains for energy transition metals – which are expected to triple by 2030 – Africa is positioning its 30% share of the world’s critical minerals as a key pillar of economic growth. African governments are modernizing mining codes, developing industrial corridors and investing in mineral processing facilities to support local beneficiation, job creation, workforce development and regional mineral markets.

 

Against this backdrop, the upcoming African Mining Week (AMW) Conference & Exhibition – Africa’s premier gathering for mining stakeholders – has launched the draft program for its 2026 edition {https://apo-opa.co/3NneKLj}. Scheduled to take place October 14–16 in Cape Town, the event provides a platform where policymakers, global investors, project operators, technology providers, academia and mining service companies examine Africa’s mining opportunities, challenges and long-term strategic direction.

Under the theme ‘Mining the Future: Unearthing Africa’s Full Mineral Value’, the three-day, multi-track agenda reflects the growing urgency among African markets to strengthen value addition across the mining value chain.

Regional Cooperation and Policy Alignment in Focus

A key feature of the agenda is the Ministerial Forum, where African mining ministers will provide updates on regulatory reforms and policy alignment initiatives aimed at unlocking greater value from the continent’s mineral resources. Discussions will examine how harmonized regulatory frameworks and regional cooperation can accelerate investment flows and strengthen Africa’s position in global mineral supply chains.

The inclusion of regional policy integration reflects a growing continental push to leverage frameworks such as the African Continental Free Trade Area (AfCFTA) to enhance cross-border mineral cooperation and trade.

We are acting to enhance regional integration through frameworks such as the African Mining Vision and the Africa Mineral Strategy Group

“Africa’s integration is not only a political objective but a strategic economic vision,” stated Emmanuel Armah-Kofi Buah, Ghana’s Minister of Lands and Natural Resources, in remarks reported by Energy Capital & Power – organizers of AMW – in February 2026. “Our natural resources require coordinated policies. Isolated legal frameworks cannot fully unlock their value. Through integration and initiatives such as the ECOWAS [Economic Community of West African States] Mining Code and the African Mining Vision, we can build a stronger and more competitive mineral economy.”

Nigeria’s Minister of Solid Minerals Development, Henry Alake, echoed this emphasis on regional cooperation and beneficiation.

“We are acting to enhance regional integration through frameworks such as the African Mining Vision and the Africa Mineral Strategy Group,” he stated. “We must develop mineral corridors that connect resources, infrastructure and markets across the continent. Our goal is not to simply export raw materials, but to develop industrial hubs that create jobs and value across borders.”

Connecting Global Investors with African Opportunities

Strategic roundtables and Country Focus sessions form a key part of the AMW 2026 program, connecting African mining jurisdictions with international partners from the U.S, Europe, the Middle East and China. These sessions will provide African stakeholders with a platform to showcase exploration opportunities and project pipelines across the mining value chain.

Meanwhile, technical workshops and the exhibition floor at AMW 2026 will provide a platform for equipment manufacturers, technology providers and engineering firms to showcase innovations designed to enhance operational performance across mining operations.

By combining high-level policy dialogue with technical expertise and investment matchmaking, AMW 2026 positions itself as a critical marketplace where Africa’s mineral potential converges with global capital, technology and strategic partnerships – helping shape the next phase of growth for the continent’s mining sector.

AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2026 conference from October 12-16 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

Distributed by APO Group on behalf of Energy Capital & Power.

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Tony Elumelu Foundation Selects Seven North African Entrepreneurs in 2026 Cohort

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Seven North African entrepreneurs in technology, education, professional services and agriculture selected from 265,000 applications at historic Abuja ceremony

Hope is not just a feeling — it is a system we can build

ABUJA, Nigeria, March 24, 2026/APO Group/ —
  • 7 North African entrepreneurs selected from Morocco, Tunisia and Egypt
  • 51% of the 2026 cohort are women, all selected purely on merit, without any quota in place
  • 3,200 total entrepreneurs selected from 265,000+ applications across 54 African countries
  • USD 5,000 in non-refundable seed capital for each selected entrepreneur
  • Selection conducted independently by Ernst & Young

 

The Tony Elumelu Foundation (TEF) (www.TonyElumeluFoundation.org), the leading philanthropy empowering young African entrepreneurs, announced on Sunday, 22 March 2026 the 12th cohort of the TEF Entrepreneurship Programme at a ceremony held at the Transcorp Hilton, Abuja. The announcement was made by Founder Tony O. Elumelu, C.F.R.

 

Among the 3,200 entrepreneurs selected from 265,000 applications received from all 54 African countries: seven from North Africa. Three from Tunisia, two from Morocco, two from Egypt. Spanning technology, education, professional services and agribusiness, they represent a generation of North African founders building businesses that address the urgent needs of their communities. Their selection, which was conducted independently by Ernst & Young, places them among the most rigorously assessed young entrepreneurs on the continent.

 

This year’s cohort carries a historic signal: 51 percent of the 2026 entrepreneurs are women. They were selected purely on merit, without quota. Across hundreds of thousands of applications, women distinguished themselves through the strength of their ideas, the clarity of their business models and the ambition of their vision.

 

In 2026, the Foundation is empowering a total of 3,200 entrepreneurs across all its entrepreneurship programmes:

 

  • 1,751 entrepreneurs through Heirs Holdings Group: Heirs Energies, Transcorp Power, Transcorp Hotels, and United Capital;
  • 1,049 entrepreneurs in partnership with the European Commission, OACPS, BMZ and GIZ;
  • 100 entrepreneurs in partnership with Sèmè City Development Agency;
  • 100 entrepreneurs in partnership with DEG, the German Development Agency;
  • 100 entrepreneurs in partnership with the IKEA FoundationUNICEF’s Generation Unlimited and the Dutch Government; and
  • 100 entrepreneurs in partnership with UNDP and the Rwandan Ministry of Youth and Arts.

 

 

Each selected Tony Elumelu Entrepreneur will receive USD 5,000 in non-refundable seed capital, access to world-class business management training on TEFConnect, one-on-one mentorship, and entry into a powerful network of investors, partners and fellow entrepreneurs.

 

In his annual letter (https://apo-opa.co/4uOFepM), “A Story of Hope,” Tony O. Elumelu, C.F.R., Founder of the Tony Elumelu Foundation, shared a powerful message to the new cohort:

 

“For a long time, I believed luck was something that simply happened to you. Then I came to understand: luck can be engineered. Opportunity can be democratised. Hope is not just a feeling — it is a system we can build.” — Tony O. Elumelu, C.F.R., Founder, Tony Elumelu Foundation — 2026 Annual Letter

 

The Tony Elumelu Foundation has empowered over 2.5 million young Africans with access to business management training on TEFConnect (https://TEFConnect.com), and disbursed over USD 100 million in seed capital to more than 24,000 selected entrepreneurs.

 

Collectively, these entrepreneurs have generated USD 4.2 billion in revenue and created more than 1.5 million direct and indirect jobs. Through its support for African entrepreneurs, TEF has lifted 2.1 million Africans above the poverty line and positively impacted more than 4 million African households, with 46% of supported entrepreneurs being African women. Eighty percent of TEF-supported businesses survive and scale, against a global average of ten to twenty percent.

 

 

The announcement ceremony was broadcast live in English (https://apo-opa.co/3PWLiML), French (https://apo-opa.co/3PWLiML), Portuguese (https://apo-opa.co/4t4Y7Da) and Arabic (https://apo-opa.co/4bYHlQl).

 

Distributed by APO Group on behalf of The Tony Elumelu Foundation.

 

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