
Tony Elumelu Foundation and partners discuss financing for young entrepreneurs in Burkina Faso
The Tony Elumelu Foundation, in partnership with Burkina Faso's Ministry of Sports, Youth, and Employment and UBA bank, held a meeting in Ouagadougou on July 23, 2026, to discuss financing for young entrepreneurs. This second edition aimed to explore mechanisms to enhance youth access to funding, particularly in green entrepreneurship. The Tony Elumelu Foundation's program, which runs annually from January to August, focuses on supporting young entrepreneurs, with an emphasis on green initiatives. Chidinma Nioaukuo, the Foundation's communication manager in Burkina Faso, noted that the program has supported 384 entrepreneurs in the country, leading to the creation of over 39,000 jobs and generating more than $11 million in revenue for beneficiary businesses. Jacqueline Ilboudo, representing the Ministry of Youth and Employment, praised the Foundation's vision, aligning it with Burkina Faso's sovereign ambitions. She highlighted the meeting as a crucial platform for dialogue on financing young entrepreneurs and sharing experiences within the entrepreneurial ecosystem. The Ministry's representative also expressed a desire for discussions to cover access to finance, business formalization, technical capacity building, and improving the business environment, seeing these as vital for addressing climate challenges and fostering green entrepreneurship. Serge Coulibaly, Deputy General Manager of UBA Burkina, emphasized the program's success in transforming African economies by empow



