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Harvard Business School Introduces Tony Elumelu Foundation Case Study

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Tony Elumelu Foundation Case Study

By Modupe Gbadeyanka

A case study to spotlight the role of celebrated African businessman, Mr Tony Elumelu, in transforming the development agenda on the continent through his Tony Elumelu Foundation (TEF) has been introduced by the Harvard Business School.

The case study, launched on Thursday, February 29, 2024, will critically look into how the former banker is catalysing entrepreneurship in Africa through his Africapitalism approach.

At its unveiling before a class of graduate students at Harvard Business School, Mr Elumelu said, “TEF is creating economic hope and opportunity for African entrepreneurs. We know that entrepreneurship is the solution to youth unemployment and insecurity.

“Through the intervention of the foundation, we are transforming our young people, giving them hope. Collectively, all of us can resolve the challenges that we have on the continent.

“It is wonderful to have had the opportunity to work with HBS, to spotlight our successes, acknowledge the challenges that we have at times faced, and provide the opportunity to spread our experience, for the benefit of others.”

The Harvard Business School session provided an opportunity to engage in a meaningful discussion on the role of philanthropy in shaping sustainable and inclusive economies.

As the world grapples with complex challenges around demographics, climate and sustainability, the Tony Elumelu Foundation model offers a fascinating model of how strategic philanthropy can be a driving force for positive change.

The case study, it was gathered, will explore the foundation’s unique approaches and transformative initiatives, showcasing how the strategic philanthropy offered by TEF, is driving positive change and elevating countries and communities.

It recognises the challenges the foundation faces, and its responses, as it developed its mission, since its founding in 2010.

The track record is impressive, with over 20,000 entrepreneurs funded, over a million connected digitally and the development of an impact assessment capacity.

TEF has disbursed over $100 million, reaching every African country. It is increasingly developing a partnership-based approach, working with institutions such as the European Union, the United States agencies, the UNDP, the ICRC, the Ikea Foundation, and others to develop bespoke programmes focused on fragile states, female entrepreneurs and sustainability initiatives.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

Education

Conference on Investing in Boys for Stronger Families, Communities Holds in Ibadan

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Boys Aid Network

By Aduragbemi Omiyale

A conference with the theme Flourish and Thrive: Investing in Boys for Stronger Families and Communities will take place at the Local Government Training School, Secretariat, Agodi, Ibadan, Oyo State, on Thursday, May 14, 2026.

The programme, in its second edition, is part of activities lined up to mark the 2026 International Boys’ Day Conference. It is being put in place by Boys Aid Network to confront a question many institutions have quietly ignored: Who is intentionally preparing the next generation of boys for the realities of leadership, responsibility, and manhood?

Expected to grace the occasion are educators, mentors, advocates, parents, and students.

The speakers include Jesudamilare Adesegun-David, Co-founder of Enovate Lab; Samson Folarin, Editor of Punch Newspaper Weekend Titles; Oluseye Joseph, Founder of EnterpriseCEO; Barrister Dotun Akinsanmi, Managing Partner at Dotun Akinsanmi LP; and media personality, Folakemi Arowolo, popularly known as Folakemi Mighty.

The convener, Barrister Olufunke Oyinlola, described the initiative as a deliberate effort to create safe and transformational spaces for boys to learn, reflect, and engage in meaningful conversations about their future.

“Too many boys are growing up without guidance, without safe spaces to express themselves, and without people intentionally helping them navigate the realities of life. This conference is our response to that challenge. We want boys to know that they are seen, valued, and capable of becoming responsible men who positively influence their families and communities,” she stated.

She added that the conference is ultimately about helping boys see possibilities differently and exposing them to conversations that can shape their confidence, choices, and sense of purpose.

More than 300 secondary school boys from across Oyo State are expected to participate in the event, which is organised in partnership with the Oyo State Ministry of Education, Science and Technology. The programme will combine keynote sessions, mentorship conversations, interactive learning, and a spelling bee competition aimed at boosting confidence and intellectual engagement.

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Education

Nollywood Star Alex Ekubo Dies

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Alex Ekubo

By Modupe Gbadeyanka

A popular Nigerian actor, Alex Ekubo, has reportedly passed away after a protracted illness.

According to reports, the movie star died after a battle with cancer, which kept him away from public glare and social media.

Last year, some of his fans expressed concerns over his sudden absence from social media, asking about his whereabouts.

On Tuesday evening, news about his demise flooded the blogosphere.

One of the sympathisers, Peter Okoye of the P-Square fame, wrote a Rest in Peace on the Nollywood star’s picture on X, formerly known as Twitter, confirming his death.

Several personalities and others have also expressed shock over the passing of the 40-year-old entertainer, who dazzled many with his acting skills.

During his lifetime, Alex Ekubo, who was said to have died of cancer, won several awards.

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Education

Platform Schools Ipaja Clinches 2026 Ecobank Chess Championship

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Platform School Ecobank Chess Champion

By Aduragbemi Omiyale

The secondary school category of the 2026 Ecobank National Schools Team Chess Championship has been won by Platform School, Baruwa, Ipaja, after defeating Dayspring School.

The competition was sponsored by Ecobank Nigeria, in partnership with SchoolMate, Newcross, Exploration & Production Limited, GZI Limited, Frutta and the Nigeria Chess Federation (NCF).

The contest attracted over a thousand students from schools across the country to the Ecobank Pan African Centre (EPAC) in Lagos.

Platform School clinched the first spot after six rounds with 16 match points, edging Dayspring School, which also finished unbeaten but settled for second place on tiebreaks. King’s College Lagos claimed third position after an impressive campaign.

The result further strengthened the growing rivalry between Platform School and Dayspring School. Platform School won the maiden edition of the Ecobank-sponsored championship before Dayspring School emerged as champions in the second edition. Platform School, however, bounced back strongly by reclaiming the title in the third edition and has now secured back-to-back titles after winning the fourth edition. Meanwhile, Dayspring School have now recorded consecutive second-place finishes following their triumph in the second edition.

In the primary category, Chess in Slums Africa delivered a dominant performance, winning all six matches to finish with a perfect score of 18 match points. First Baptist Group of Schools also finished with a perfect win record but settled for second place on tiebreaks, while Jareb Private School, Ogun, finished third. The event witnessed remarkable performances from young players, further highlighting the rapid growth of grassroots chess development in Nigeria.

The Primary Category title was especially significant for Chess in Slums Africa, as the team received celebrations and support on-site from Tunde Onakoya, whose presence added excitement and inspiration to the young players during the close of the championship and the closing ceremony.

Speaking about the event, the Head of Educational and Social Services at Ecobank, Mr Kunle Adewoyi, urged the students to strive hard to become Grand Masters in the near future.

“There are Grand Masters in Kenya, Rwanda and some other African countries, but, sadly, we don’t have any in Nigeria at the moment. It is our prayer that some of these students will become one in the near future,” he stated.

Mr Adewoyi said that Ecobank was particular about chess sponsorship because it helps in the development of the kids.

The Vice President of the Nigerian Chess Federation, Mr Adeyinka Adewale, was full of praise for Ecobank and other partners for sponsoring the tournament, just as he promised that next year’s edition will be bigger and better.

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