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Harvard Business School Launches Tony Elumelu Foundation Case Study

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Spotlights Role of African Philanthropy in Transforming the Development Agenda in Africa

BOSTON, United States of America, March 11, 2024/APO Group/ — 

At a time of renewed geopolitical interest in Africa, and an increasing questioning of traditional development finance models, Harvard Business School today released a case study examining the role and impact of the Tony Elumelu Foundation (TEF) (https://www.TonyElumeluFoundation.org), and its unique approach to catalysing entrepreneurship in Africa.

The Foundation, Africa’s leading funder of young entrepreneurs, has pioneered an innovative approach to seeding, capacitising and networking young entrepreneurs across Africa.  Drawing directly from Tony Elumelu’s entrepreneurial journey, his acknowledgement that luck and chance played an important role in his success, the Foundation democratises luck, spreads opportunity, in a sector agnostic approach, and has developed a bespoke infrastructure that reaches every country in Africa. The Foundation is a direct expression of Elumelu’s philosophy of Africapitalism, that the private sector must play a pivotal role in Africa’s development, and that investment must seek social, as well as economic returns.

We know that entrepreneurship is the solution to youth unemployment and insecurity

The case study, the first of its kind focused on African philanthropy, was launched today, Thursday, February 29, 2024, before a class of graduate students at Harvard Business School and explored the Foundation’s unique approaches and transformative initiatives, showcasing how the strategic philanthropy offered by TEF, is driving positive change and elevating countries and communities.

The case study recognises challenges the Foundation faces, and its responses, as it developed its mission, since founding in 2010.  The track record is impressive, with over 20,000 entrepreneurs funded, over a million connected digitally and the development of an impact assessment capacity.  TEF has disbursed over USD$100 million, reaching every African country.  The Foundation is increasingly developing a partnership-based approach, working with institutions such as the EU, US agencies, the UNDP, the ICRC, the Ikea Foundation, and others to develop bespoke programmes focused on fragile states, female entrepreneurs and sustainability initiatives.

Tony Elumelu, who spoke at Harvard said, “TEF is creating economic hope and opportunity for African entrepreneurs.  We know that entrepreneurship is the solution to youth unemployment and insecurity.  Through the intervention of the Foundation, we are transforming our young people, giving them hope.  Collectively, all of us can resolve the challenges that we have on the continent.

It is wonderful to have had the opportunity to work with HBS, to spotlight our successes, acknowledge the challenges that we have at times faced, and provide the opportunity to spread our experience, for the benefit of others.”

The Harvard Business School session provided an opportunity to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies.  As the world grapples with complex challenges around demographics, climate and sustainability, the Tony Elumelu Foundation model offers a fascinating model of how strategic philanthropy can be a driving force for positive change.

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

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APO Group Named Africa’s Leading PR Agency in 2025 Brands Review Magazine Awards

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APO Group

Originally established as a press release distribution service, the company has evolved into a leading Pan-African communications consultancy, delivering impactful campaigns that shape narratives across the continent

LAUSANNE, Switzerland, February 20, 2025/APO Group/ –APO Group (http://www.APO-opa.com), the leading, multi-award-winning pan-African communication and media relations consultancy, is proud to announce that it has been named the winner in three award categories by Brands Review Magazine, a renowned UK-based media publication dedicated to covering key industry sectors worldwide.

APO Group was named Best PR Agency Africa 2025Leading Communication Consultancy Africa 2025, and Leading Press Release Distribution Platform Africa 2025. These accolades mark another milestone for APO Group, solidifying its position as the leader in public relations and communications services across Africa.

These awards confirm our commitment to providing exceptional media relations and communication services across Africa

Brands Review Magazine acknowledges outstanding businesses and industry leaders globally, highlighting organisations that excel in their respective fields. APO Group’s achievements in 2025 build on a track record of excellence, having previously received multiple accolades, including the SABRE Awards for Africa, a Global Double Award Win at the 2023 World Business Outlook Awards, and recognition at the Middle East & North Africa Stevie Awards, where its Vice President of Public Relations, Rania El Rafie, was awarded a Bronze Stevie® Award in the ‘Most Innovative Woman of the Year 2025 category.

Commenting on the awards, Bas Wijne, CEO of APO Group, said: “These awards confirm our commitment to providing exceptional media relations and communication services across Africa. They strengthen APO Group’s position as a trusted leader in the African communications sector, highlighting our unwavering commitment to quality and excellence.”

“We are honoured to be recognised by Brands Review Magazine and remain committed to delivering exceptional services to our clients across Africa.”

For over 15 years, APO Group has been at the forefront of strategic public relations and media engagement in Africa, helping clients enhance their brand visibility, build credibility, and connect with key audiences. Originally established as a press release distribution service, the company has evolved into a leading Pan-African communications consultancy, delivering impactful campaigns that shape narratives across the continent.

APO Group remains committed to setting new industry standards and driving meaningful engagement for businesses, institutions, and stakeholders across Africa.

Distributed by APO Group on behalf of APO Group.

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Arab Fund and United Nations Economic and Social Commission for Western Asia (UN-ESCWA) Join Forces to Upgrade Data Portal for Sustainable Development in the Arab Region

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UN-ESCWA

The three-year partnership will include hands-on workshops, the creation of knowledge sharing resources, and the development of innovative strategies to improve development indicators

KUWAIT CITY, Kuwait, February 20, 2025/APO Group/ –The Arab Fund for Economic and Social Development and the United Nations Economic and Social Commission for Western Asia (UN-ESCWA) signed a Memorandum of Understanding (MoU) to enhance the Arab Development Portal (https://apo-opa.co/4h645gR), a key online data resource for Arab countries. This collaboration aims to speed up Arab countries’ progress towards achieving the Sustainable Development Goals (SDGs).

The portal is a regional knowledge and data platform providing access to reliable development data from various credible sources. The upgraded version will include tools powered by artificial intelligence tools, user-friendly dashboards and predictive analytics, offering valuable insights into economic trends, global benchmarks, and SDG indicators.

Partnership is at the core of our new strategy to maximize our impact on social and economic development across member countries

“This collaboration with the Arab Fund, representing ACG institutions, marks a pivotal step in strengthening data-driven, evidence-based decision-making across the Arab region. By enhancing data dissemination and accessibility, we empower policymakers and researchers with the insights needed to address critical challenges in economic development, public health, unemployment, climate resilience, and other key areas aligned with the Sustainable Development Goals,” said Rola Dashti, Under-Secretary-General and Executive Secretary of UN-ESCWA.

The Arab Development Portal (https://apo-opa.co/4h645gR) was established by the Arab Coordination Group (ACG) (https://apo-opa.co/41ouIJ4), an alliance of 10 Arab development institutions including the Arab Fund.

“Partnership is at the core of our new strategy to maximize our impact on social and economic development across member countries,” said Bader Alsaad, Arab Fund’s Director General and Chairman of the Board of Directors. “Together with UN-ESCWA we will use our expertise and resources to create a data-driven approach that helps policymakers make informed decisions.”

The three-year partnership will include hands-on workshops, the creation of knowledge sharing resources, and the development of innovative strategies to improve development indicators. It will also strengthen connection between the portal and its sources and will offer specialized training on AI tools to boost skills in data management and analysis.

Distributed by APO Group on behalf of Islamic Development Bank Group (IsDB Group).

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Scottish Africa Business Association Embarks on Pioneering Trade Mission to Kenya

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Scottish

This mission will take place from 12-16th May and will focus on key sectors that promise mutual growth and innovation

ABERDEEN, Scotland, February 20, 2025/APO Group/ –The Scottish Africa Business Association (SABA) (www.AfricaScot.com) is excited to announce a trade mission to Kenya to explore new business opportunities for Scottish companies and institutions, supported by the Scottish Government. This mission will take place from 12-16th May and will focus on key sectors that promise mutual growth and innovation.

One of our key sectors of focus will be around exploring opportunities in both traditional and innovative energy solutions; our delegates will hear about how they can help enhance energy security and efficiency through strategic partnerships and technological advancements.  As Kenya leads East Africa in renewable energy production, Scottish companies specialising in wind, solar, geothermal and tidal energy will have the chance to find out more about the opportunities in country.

Building on the strong educational links between Scotland and Africa, the delegation will explore opportunities around vocational training, skills development, and university partnerships to empower the next generation

With Kenya’s extensive coastline and rich marine resources, the maritime and blue economy sectors offer vast potential. Our mission will explore sustainable practices in aquaculture, fisheries, marine transport and port logistics and infrastructure to boost economic growth while preserving marine ecosystems.

Seona Shand, Chief Operating Officer at SABA, said: “SABA’S trade mission to Kenya will feature a comprehensive and engaging programme designed to maximise the benefits for our participants.  We’ll be hosting B2B meetings, round tables, site visits, networking and receptions providing supreme opportunities for them to win new business.”

Scottish businesses should be interested in the Kenyan market – one of Africa’s fastest growing economies with a diverse and resilient economic base

Scottish businesses should be interested in the Kenyan market – one of Africa’s fastest growing economies with a diverse and resilient economic base, as the largest economy in East Africa it serves as a gateway to a regional market of over 450 million people.

The country is a leader in renewable energy, with over 90% of its electricity coming from renewable sources such as geothermal, wind and solar power.  In addition, its growing youth population places high demand on quality education and skills development.  With Scotland’s globally respected higher education institutions and training providers, opportunities are abundant for leveraging talent in a pool primed for innovation.

Frazer Lang, Chief Executive at SABA, added: “We are pleased to be organising this trade mission to Kenya, a country with immense potential and a shared vision for sustainable growth. This mission represents a significant step towards strengthening our economic ties and exploring new avenues for collaboration.  Scottish businesses can not only drive their international growth but contribute to transformative changes in one of Africa’s most vibrant markets.  Our thanks go to the Scottish Government for supporting SABA to help Scottish businesses in this market.”

Any Kenyan businesses interested in meeting with the Scottish delegation from the aforementioned sectors are encouraged to get directly in touch with the team from SABA, along with those interested in sponsoring or partnering with SABA.

For more information, click here (https://apo-opa.co/3X7L9qC).

Distributed by APO Group on behalf of Scottish Africa Business Association (SABA).

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