Economist, entrepreneur, investor and philanthropist. President of Heirs Holdings, United Bank of Africa (UBA), Transnational Corporation of Nigeria (Transcorp, the most sought-after and largest conglomerate in the country), founder of the Tony Elumelu Foundation and also recognized as one of the most powerful and influential Africans According to Forbes magazine.
Tony Elumelu invests and undertakes in Africa. Their investments are based mainly on their philosophy of “African capitalism”, on the belief that the private sector can lead the renaissance and economic development of Africa and that all investment must create economic prosperity and also wealth and social improvement.
Born and raised in Jos, in the State of Plateau (Nigeria), Elumelu graduated and obtained a master’s degree in Economics from the University of Ambrose Ali and the University of Lagos. He subsequently completed specialized studies in business in the United States (Harvard), Switzerland and Singapore.
He began his professional career in Banking at the Union Bank of Nigeria, reaching his greatest achievement when he led one of the largest mergers in the banking sector of sub-Saharan Africa with the acquisition of the United Bank for Africa (UBA). This led to unprecedented professional growth and, as a result, founded companies of the importance of Heirs Holding and Transcorp.
Together with other leading entrepreneurs, Elumelu was named the first African member of the US Agency for International Development (USAID)and has held the position of Minister of Agriculture and Rural Development and Investment Advisor for the government of Nigeria. Also, Tony Elumelu is part of several global boards of public sectors with more social impact, including the United Nations Initiative for Sustainable Energy for All (SE4ALL) and the Private Capital Group Partners Forum (PCG), of USAID, among other positions and prominent positions.
Tony Elumelu is not a simple entrepreneur. He is a successful entrepreneur with a committed work and improvement of society. His positive attitude and mentality, as well as his constant activity in pursuit of growth, and the motivation, determination and ability to win against all odds, drives his purpose to push and guarantee the economic development of the African continent.
Thanks to his vision and the conviction of his mission in 2010 he created the Tony Elumelu Foundation (Tony Elumelu Foundation) whose program for entrepreneurs has a budget of $ 100 million to collaborate in the training of African entrepreneurs and create at least one million jobs , contributing more than $ 10 billion in revenue to the African economy.
Recall the words spoken by former President Barack Obama in his speech at the International Entrepreneurship Summit in Kenya in 2015,“… entrepreneurship, creating new jobs and companies, new ways of providing basic services, new ways of seeing the world are the key to prosperity. “
It is undeniable that Tony Elumelu is part of the new generation of leading African entrepreneurs who stimulate innovation and growth in Africa and whose legacy will benefit future generations.