Africa's Young Entrepreneurs

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Africa’s Young Entrepreneurs
Africa's Young Entrepreneurs.jpg
Founded2010
FounderSummy Smart Francis
Location
Area served
Africa
Members
12 million
Key people
Summy Smart Francis (president)
Ibada Ahmed (vice president)
Folorunsho Alakija (chief matron)
Asiwaju Bola Tinubu (chief patron)
Websitewww.ayeonline.org

Africa's Young Entrepreneurs (A.Y.E.) is a non-profit organisation based in Johannesburg, South Africa. It facilitates intra-trade among African entrepreneurs in 19 countries. It is the largest Economic group in Africa with more than 12 million pan African members.[1]

A.Y.E is also the largest Entrepreneurship organization in the world.[2]

History[edit source | edit]

A.Y.E was founded by Summy Smart Francis, a Nigerian entrepreneur, in 2010. After spending two years on researching and studying the African economy, the group started operations in 2012.[3]

Work[edit source | edit]

The organisation holds conferences and funds startups through various competitions. It also works for researching and suggest ways to improve Africa's economy. The organisation also produces the world's largest entrepreneurship reality TV show. (Africa's Young Entrepreneurs Reality TV Show) where thousands of African entrepreneurs are showcased and empowered.

AYEEP[edit source | edit]

In 2014, the organisation launched its Africa's Young Entrepreneurs Empowerment Program (AYEEP). AYEEP is a 3-day conference. As part of the program, several entrepreneurs present their business ideas after which some of the businesses are selected and funded by the organisation. In 2014, the organisation funded businesses with 50 million Nairas[4] and in 2015 with 150 million Nairas.[5] In 2016,500 entrepreneurs were empowered through the AYEEN program.

AYESA[edit source | edit]

A.Y.E launched Africa's Young Entrepreneurs Student's Association (AYESA) in 2015.[6] The organisation spent over $100,000 from internally generated revenue to research and launch AYESA.[7] The inaugural conference of AYESA was held at the University of Lagos in December 2015. It presents young student entrepreneurs in need of experience, knowledge, mentorship and industry business skills with choice mentors from diverse business sectors in Africa.[8]

Economic Development Team[edit source | edit]

In 2015, A.Y.E launched an Economic Development Team as part of the effort to improve the economy of African countries. The team works with federal as well as state governments in Africa to improve the growth of the continent.[9] The group also works to facilitate investment opportunity for global entrepreneurs and investors.[10][11]

Africa's Young Entrepreneurs is the largest network of entrepreneurs in the world.[12]

References[edit source | edit]

  1. "Photos from dinner night with Mrs. Folorunsho Alakija".
  2. "Africa's Young Entrepreneurs becomes the largest entrepreneurship network in the world". Retrieved 2018-08-08.
  3. "Exclusive photos from Day 1 with participants".
  4. "Africa's Young Entrepreneurs funds young Nigerians with over N50m". Archived from the original on 2016-02-15. Retrieved 2016-02-11.
  5. "Africa's Young Entrepreneurs & International investors Head to Nigeria to Fund & Empower Young Entrepreneurs".
  6. "How Students Can Benefit from AYESA".
  7. "VP Osinbajo To Address AYESA Conference In Lagos". Archived from the original on 2016-02-15. Retrieved 2016-02-11.
  8. "Full details of the inaugural conference of the Africa's Young Entrepreneurs Students Association (AYESA)".
  9. "Group inaugurates economic team for Africa".
  10. "Africa's Young Entrepreneurs inaugurates Economic Team".
  11. "Africa's Young Entrepreneurs Empowerment Nigeria (AYEEN) is Open for all Nigerians".
  12. "Africa's Young Entrepreneurs becomes the largest entrepreneurship network in the world". The Guardian. July 11, 2017. Retrieved July 24, 2017.

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