Harvard Business School Launches Tony Elumelu Foundation Case Study

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"We know that entrepreneurship is the solution to youth unemployment and insecurity," the founder of the Tony Elumelu Foundation for Entrepreneurship in Africa says.

"Through the intervention of the Foundation, we are transforming our young people, giving them hope."

The Harvard Business School this week released a case study on the foundation, founded in 2010 by Nigerian billionaire Tony Elumelu, that's spent more than $100 million helping more than 20,000 young entrepreneurs across Africa, Business Insider reports.

The case study, the first of its kind on African philanthropy, notes that Elumelu's "optimism that luck and chance played an important role in his success, the Foundation democratises luck, spreads opportunity, in a sector approach, and has developed a bespoke infrastructure that reaches every country in Africa."

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