Empowering Africa: Collaborative Solutions for Youth Empowerment and Economic Development.

Earlier this week, I joined Jutta Urpilainen, European Union Commissioner for International Partnerships, to discuss the EU’s approach to the Sahel. Impressive engagement by the EU – it was refreshing, there was mutual respect – TEF and European Union Commissioner for International Partnerships have worked closely together on female entrepreneurship. It was good that the […]

Oramah’s Developmental Commercial Banking Idea needs Elumelu’s Africapitalism.

Professor Benedict Oramah’s recent articulation of Development Commercial Banking is very compelling. According to him, Development Commercial Banking is “… a careful blend of investment banking and commercial banking aimed at delivering three outcomes, namely positive socioeconomic impact to society, as well as solid financial returns and goodwill to the bank”. Professor Oramah is the […]

Growth, Gratitude, and Impact.

Today is about impact, reflection, and gratitude. In 2015, Awele and I made a commitment to empower 10,000 African entrepreneurs, over 10 years, through the Tony Elumelu Foundation Entrepreneurship Programme. I recall vividly that full room, as I shared my dreams of changing the lives of young Africans. I remembered the chances and opportunities that […]

TOE COP28 Soundbites.

At a series of events across COP28, I delivered a single message to world leaders; Africa needs to be heard, Africa’s future is the world’s future and the continent that is most impacted by and the least contributor to climate change, needs our attention. With African youth set to make up one third of global […]

Nigeria at 63: Collective Actions to foster Nation-Building.

Happy independence everyone! As we celebrate another year of independence, it is time to reflect, to look in the mirror, for our nation and ourselves. We know Nigeria, we love Nigeria, Nigeria is one of Africa’s most diverse and dynamic countries. We are a nation that excites, beguiles, and dreams. Yet, amidst our diversity and […]

EXCLUSIVE: Tony Elumelu Speaks with Richard Quest on ‘Quest Means Business’.

‘Every year, we identify one thousand Africans and give them a non-refundable seed capital of $5000 each, we train them, mentor them and set them free. We train them because we have seen that if you give someone capital without preparing the person, they won’t succeed. Through what we do at The Tony Elumelu Foundation, […]

#UNGA78: Rebuilding Trust and Reigniting Global Solidarity.

We should all be Africapitalists. This means we are investing long term and working collaboratively for the eradication of poverty, job creation and empowerment of our women across Africa. As the 78th United Nations General Assembly begins, its theme is one that should resonate with us all – “Rebuilding trust and reigniting global solidarity: Accelerating […]

Exciting News from UBA Group! Africa’s Global Bank Releases Impressive H1 Result.

This week, UBA Group released half year impressive financial results: 1.   Profit-before-tax of N404 billion2.   Total Assets now N15.38 trillion.3.   Declares Interim Dividend of 50k per share. This represents an annualized interim dividend yield of 7.2%. Our success is a testament to the effectiveness of UBA’s global strategy and our role as the financial intermediary for […]