Nigeria, March 14 -- The Tony Elumelu Foundation (TEF) is set to announce the 2025 cohort of its flagship entrepreneurship programme at a time when African startups are struggling with funding constraints and economic headwinds.

Now in its eleventh year, the programme provides $5,000 in non-refundable seed capital to each selected entrepreneur, alongside business training, mentorship, and access to investment opportunities.

In a statement on Friday, the foundation said that since its inception in 2015, it has supported over 18,000 entrepreneurs across Africa, creating 1.5 million direct and indirect jobs and generating more than $4.2 billion in revenue.

The latest cohort will be selected through a process overseen by professional servi...