The Blair Elumelu Fellowship Programme, a partnership between the Tony Blair Africa Governance Initiative and The Tony Elumelu Foundation supports reforming African governments to advance sustainable economic development. The Tony Elumelu Foundation (TEF) and the Tony Blair Africa Governance Initiative (AGI) share a commitment to advancing Africa’s economic development and prosperity, in order to lift people out of poverty by creating jobs and livelihoods and to help the continent move beyond aid.
African economies have performed strongly in recent years. Over the past decade six of the world's ten fastest-growing countries were African. In eight of the past ten years, Africa has grown faster than East Asia, including Japan. The IMF expects Africa to grow by nearly 6 per cent in 2012, about the same as Asia. But for some African countries, especially those that have only recently emerged from conflict, one of the biggest barriers to private sector growth is low capacity within government to enable investment and implement pro-business reforms.
The goal of this three-year programme is to strengthen the private sector’s role in the economic transformation of select African countries – starting with Sierra Leone – by developing the capacity of their governments to enhance competitiveness and attract and nurture private investment for the benefit of their people.
This new partnership offers a unique new model for economic transformation in Africa, bringing together innovative government delivery models with the best of African private sector acumen and execution. Leveraging the experience of AGI Patron Tony Blair and TEF Founder Tony Elumelu, the programme will give participating African governments access to world-class advice and capacity development from Fellows drawn from the best of the international private sector.
“Africa’s economic prospects have never been brighter,” says Tony Blair. “But realising this potential depends on governments understanding the private sector and how to support it. This is an extremely important part of the work that the Africa Governance Initiative does. I am delighted to be working with Tony Elumelu and his foundation to help develop business acumen at the heart of African governments.”
For more about the Tony Elumelu Foundation, visit their website here.