The initiative is part of its 2026 entrepreneurship programme, aimed at empowering young business owners in all 54 African countries.
The foundation’s chief executive, Somachi Chris-Asoluka, said each selected entrepreneur will receive 5,000 dollars in seed funding, along with training, mentorship, and business support.
She added that the programme will be rolled out in phases, in partnership with governments, development agencies, and private organisations.
More than 260,000 applications were received this year, showing strong demand for business support across the continent.
Key sectors include agriculture, technology, retail, education, healthcare, and green businesses.
The foundation also noted that poor electricity supply remains a major challenge for many small businesses.
Since its launch, the programme has supported thousands of entrepreneurs and helped create jobs across Africa.
