Tony O. Elumelu is a visionary entrepreneur and a philanthropist. Born, raised and educated in Africa, Mr. Elumelu has been responsible for creating businesses across the continent, in sectors critical to Africa’s economic development.
In 2010, he founded Heirs Holdings, an African investment holding company, with investments in financial services, power generation, oil and gas, agribusiness, real estate and hospitality. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropy, dedicated to catalysing entrepreneurship across Africa.
He is Chairman of Heirs Holdings, UBA Group Plc, Seadrill Nigeria Ltd and Transcorp Plc — Nigeria’s largest listed conglomerate.
In his early career, Mr. Elumelu turned the financially distressed Standard Trust Bank (STB) into a top-five financial services player in Nigeria. In 2005, he led the largest merger in the banking sector in sub-Saharan Africa, between STB and United Bank for Africa (UBA). Today, UBA operates in 19 African countries, as well as New York, London and Paris.
Africa has a bright future ahead of it. Productivity and growth will improve as African economies continue to place more emphasis on services and manufacturing, pursue commodity productio...
África tiene un futuro brillante por delante. La productividad y el crecimiento mejorarán a medida que las economías africanas sigan poniendo énfasis en los servicios y la manufactura, im...
In the past few years, as the global commodity super-cycle reached a crescendo, seven of the 10 fastest growing economies were in Africa. This was largely fuelled by China’s voracious app...
