Nigeria, Feb. 13 -- The Tony Elumelu Foundation (TEF) on Wednesday signed a $6million strategic partnership agreement with the UAE Office of Development Affairs and Khalifa Bin Zayed Al Nahyan Foundation to empower 1,000 young African entrepreneurs.

The agreement, signed at the World Governments Summit, according to a statement by Moyo Awotile, head, marketing and corporate communications of the foundation, aims to provide business training, mentorship, access to networks, and non-refundable $5,000 seed capital to young entrepreneurs from all 54 African countries.

The agreement signed by TEF Founder, Tony Elumelu, and the Director General of the Khalifa Bin Zayed Al Nahyan Foundation, His Excellency Mohamed Haji Al Khoori, evidences bot...