In a significant ceremony held in the United Arab Emirates, the Tony Elumelu Foundation, the UAE Office of Development Affairs, and the Khalifa Bin Zayed Al Nahyan Foundation signed a landmark partnership agreement valued at $6 million. This historic collaboration aims to redefine Africa-GCC relationships, marking the beginning of a new era characterized by economic cooperation, cultural exchange, and mutual growth.
Formally announced on February 12, 2025, the partnership is specifically designed to empower young African entrepreneurs by providing essential business training, mentorship, networking opportunities, and non-refundable grants of $5,000. This initiative is expected to significantly impact the African continent, where entrepreneurship and innovation are increasingly acknowledged as key drivers of economic development.
Mr. Tony Elumelu, Founder of the Tony Elumelu Foundation, stated, “This partnership represents a major breakthrough in our efforts to promote entrepreneurship and economic development in Africa. We are proud to collaborate with our UAE partners to create new opportunities for young African entrepreneurs and to foster greater cooperation between our regions.”
The UAE Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation bring substantial expertise and resources to this partnership, having a strong track record of supporting development initiatives in Africa and beyond.
This historic partnership highlights the growing recognition of the importance of Africa-GCC relations. As the African continent continues to evolve and thrive, collaborations like this will play a crucial role in unlocking new opportunities for economic cooperation, cultural exchange, and mutual growth.
At Stakeholders Magazine, we are proud to feature this groundbreaking partnership and its potential to transform the landscape of Africa-GCC relations. We look forward to monitoring the progress of this initiative and exploring its implications for the future of economic cooperation between Africa and the GCC region.
 | “This partnership represents a major breakthrough in our efforts to promote entrepreneurship and economic development in Africa. We are proud to collaborate with our UAE partners to create new opportunities for young African entrepreneurs and to foster greater cooperation between our regions.” |
