A Day In Benin Republic | Une journée au Bénin
My trip to Benin Republic affirmed once again my belief in Africa’s potential. First stop, Sèmè City. I addressed 100+ innovative, young African entrepreneurs, building the future of Africa, led by the CEO, Claude Borna. Sèmè City has been a longstanding partner of the Tony Elumelu Foundation, sharing our commitment
Diary of TEF Impact – Kigali 2024
In between my meetings in Rwanda, I took time to visit a 2016 Tony Elumelu Foundation beneficiary, Yvette Ishimwe, Founder of Iriba Water Group. Proud of Yvette’s innovative Water ATM in Kigali. The water ATM provides access to clean water for rural communities. With USD5,000 seed capital in 2016, Yvette
24 Hours in Senegal – 24 Heures au Sénégal
Last week, I visited Senegal, at the invitation of the President, H.E. Bassirou Diomaye Faye. Newly elected and one of the youngest leaders in Africa, our shared passion for youth empowerment and economic transformation was the foundation of great conversations. We swapped experiences, shared laughs – and I listened to
Celebrating Heirs Holdings At 14
Today marks a significant milestone, as we celebrate 14 years of excellence at Heirs Holdings Group. I wanted to share some reflections, as we look back at our achievements, and look forward, as we double down on our ambition: When one door closes, many others open. Fourteen years ago, my
Turning Fear into Ambition: Insights from my Personal Journey
Last week, at our quarterly induction session for new hires of Heirs Holdings Group, a new staff member asked me a question: “What are your fears?” It made me look back, think how my instincts, my perceptions and indeed my fears had changed over my life. Our fears evolve with
Promoting Peace in Africa
Insecurity and insurgency undermine Africa’s economic development. When people fear for their lives, when they cannot plan for their futures, when they cannot move freely or safely, or protect their goods, they cannot be entrepreneurs. All the issues associated with insecurity, such as food security, migration, and inadequate infrastructure, stifle
My Financial Times Feature
“He has transcended the business world in a way that none of his Nigerian peers has.” – Financial Times. I was recently interviewed by the Financial Times, where I discussed my journey advocating for Africapitalism, the impact of imperialism on Africa, and why I decided to enter the oil industry.
14-Years of Transformation and Excellence at Heirs Holdings
In June this year, we brought together over 100 directors from Heirs Holdings Group companies, at our iconic Transcorp Hilton. 23 companies were present; 7 critical sectors; global companies and young startups; and our philanthropy, the Tony Elumelu Foundation. We discussed governance, institutionalisation, future strategy, but we also took time
To Our Future Leaders: Four Guiding Pillars of Success
Last week, I addressed the 2024 graduating class of Bridge House College, Ikoyi. Entering the hall, catching the anticipation on those faces, it took me back to my childhood. I grew up with limited means and few privileges, my mum was an entrepreneur, running a restaurant, but there was love
2023: A landmark year for UBA
This year marks a defining chapter for us at UBA – celebrating a landmark anniversary, superlative financial results, and remarkable impact across Africa and beyond. Earlier this week, we formally announced the kick-off of our 75th anniversary celebrations and recognition of the numerous innovations pioneered by UBA. Today, at the
Building to Last: Celebrating Milestones and Transformation
Today marks a very proud moment in our journey of growth, value creation, and transformation.Celebrating UBA’s 75th anniversary and Transcorp Power’s Annual General Meeting, the first since listing on the Nigerian Exchange. These are two significant milestones in our journey of building lasting legacies and upholding exceptional corporate governance. Creating
Leadership Lessons – From 47,000 Feet
The future of Africa lies in the hands of our youth. I am constantly amazed by the young disruptors I meet. Take Olugbenga “GB” Agboola, who leads Flutterwave, one of Africa’s fintech unicorns. We met recently at a conference in India, where he invited me to speak with his employees.
Worker’s Day: Recognition and Reward for our HH People
Worker’s Day this year made me reflect. It has been a tough year – and we know things are not getting easier. The Group has made great strides – but our success is more than just figures, it is the success of all of us. We are a family –
Take Off! Six Insights from the 2024 UBA GMAP Graduation Ceremony
Last week, I led the induction with UBA’s newest cohort of graduate trainees – our GMAP Class of 24! I love these sessions, I meet new members of our UBA-Tribe, I hear their stories, answer their questions and welcome them to our Group. I vividly recall starting my career as
Uniting Talent – Delivering Opportunity – Transforming Lives
Today, the United Bank for Africa (UBA) Academy graduates the 8th cohort of our “Graduate Management Accelerated Program (GMAP)” — a program focused on nurturing young African professionals and equipping them with the skillset to drive the deepening of the financial services sector in Africa. Moments like this remind me
Empower an Entrepreneur, Empower a Community, Empower a Continent.
Entrepreneurship catalyses. Entrepreneurship catalyses people, communities, countries. Entrepreneurship can change a nation, can change a continent. Earlier this week, while in South Africa, I visited one of the beneficiaries of the Tony Elumelu Foundation and was blown away by the impact that had been created. I always love meeting entrepreneurs,
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.
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
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
Illuminating Nigeria’s Future: Transcorp Power’s Milestone Listing on the NGX.
Yesterday, was a proud day for me: Transcorp Power listed its shares via introduction on the Main Board of the Nigerian Exchange (NGX), adding more than N1.8 trillion to the market capitalization of NGX. Transcorp Power gained 10% and closed its first day of trading at N264 per share up