Elumelu: Multiple taxation kills 95% of small businesses in Nigeria

Tony Elumelu, Chairman of the proprietary investment company, Heirs Holdings, says multiple taxations and levies kill 95 percent of small and medium scale businesses in Nigeria. Elumelu made this statement on Thursday while speaking at the Lagos Business School Alumni Association 2017 Alumni Day in Lagos. He said five percent of the small businesses that […]

Chairman, Heirs Holdings, Tony O. Elumelu Retires as AFC Non-executive Director

The Africa Finance Corporation (AFC) has announced that Mr. Tony Elumelu, a non-executive director of the corporation has decided to retire from its board, after nine years of “meritorious service.” Elumelu, according to a statement yesterday, was a founding director and the first chairman of the corporation’s risk and investment committee, which he chaired for […]

Elumelu Emphasises Collaboration and Integration in Increasing Trade and Investment Opportunities across the African Continent

Casablanca, Morocco, 25th February 2016 – Tony Elumelu, CON, Chairman, Heirs Holdings, UBA Plc and Transcorp Plc, spoke today on the Role of the African Private Sector in the Continent’s Development and Regional Integration to a gathering of over 1,500 African business leaders at the 4th International African Development Forum in Casablanca which commenced yesterday and ended today […]

Tony O. Elumelu, El Kettani, Others to Speak at the 4th International Africa Development Forum on Power and Agricultural Investments

Casablanca, Morocco, 25th February 2016 – Over 1,500 African business leaders are gathered at the 4thInternational African Development Forum in Casablanca, taking place on the 24th and 25th of February, 2016. Organised by the Attijariwafa bank and Maroc Export since 2010, this year’s forum, is being held in collaboration with the Moroccan Government institution, Maroc Export with focus on […]

Tony Elumelu Applauds US Congress for the passage of the ‘Electrify Africa Act’

Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the “Electrify Africa Act,” which took nearly four years trying to get the measure through both chambers of Congress. The Electrify Africa Act creates a framework […]