In another big move, one of Africa's most influential entrepreneurs, Tony O. Elumelu, CON, has announced a 5-year endowment of The Future Africa Awards prizes.
Recognised by the World Bank last year as 'The Nobel Prize for Young Africans', The Future Awards Africa, which is in its 8th season, is presented in partnership with the African Union Commission and Microsoft.
"The future of Africa is in the hands of brilliant young minds such as these," said Tony O. Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation . "Our endowment, which looks to the long term, will not only support the sustainability of this important prize, but also encourage up and coming young African leaders, leaders who understand thatthey have aduty to stimulatethis continent's economic and social development with creative solutions."
Mr. Elumelu will also host 10 honourees for the African Young Person of the Year Prize to an exclusive reception and mentorship session at the Heirs Holdings office, Lagos, Nigeria on Friday, 16 August 2013. The event is scheduled to coincide with the week of the International Day of the Youth.
The honourees are drawn from across the continent and include Africa's youngest billionaire, Uganda's Ashish J. Thakkar, and Malawi's inventor, William Kamkwamba, as well as Nigeria's music entrepreneurs, Peter and Paul Okoye (Psquare).
Other nominees for The Africa  Prize are Tanzanian entrepreneur, Patrick Ngowi; Nigerian social entrepreneur Grace Ihejiamaizu; Cameroon's rural health worker, Foglabenchi Lily Haritu; entrepreneur and software developer, KariukiGathitu from Kenya; clean water advocate and social entrepreneur, Saran Kaba Jones; South Africa's youngest patent holder and serial inventor, LudwickMarishane; and award winning student inventor from Burkino Faso, MoctarDembélé.
"We are excited to announce this institutional partnership as Heirs Holdings continues to set the pace for investing in Africa," said Chude Jideonwo, who is Executive Director of The Future Project. "Through hisvaried support for young African leaders, Mr Elumelu has shown his particular interest in the next generation of Africa's brightest and best, and in working with The Future Awards Africa, undeniably the leading platform on the continent for leaders, innovators, and entrepreneurs; he has taken yet another giant step."
The awards event - to be televised exclusively for Africa Magic - holds in September 2013.
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For more information, visit @TFAAfrica on Twitter or the website www.thefutureafrica.com/awards