x

Tony Elumelu listed in Time 100 list of world most influencial 2020

TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals.

Elumelu is one of three Nigerians on the list, alongside Tomi Adeyemi and Tunji Funsho

Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.

Tony Elumelu is the Founder and Chairman of Heirs Holdings, his family owned investment company, committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy, including financial services, hospitality, power, energy and healthcare.

He is the Chairman of top pan-African financial services group, the United Bank for Africa (UBA), which operates in 20 countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States. The bank provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally. Elumelu also chairs Nigeria’s largest quoted conglomerate, Transcorp, whose subsidiaries include Transcorp Power, one of the leading generators of electricity in Nigeria and Transcorp Hotels Plc, Nigeria’s foremost hospitality brand.

Mr Elumelu is the most prominent champion of entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation (TEF), the philanthropy empowering a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and ensuring job creation across all 54 African countries. Since inception, the Foundation has funded just under 10,000 entrepreneurs and created a digital ecosystem of over one million as part of its ten year, US$100m commitment through the TEF

Entrepreneurship Programme. Self-funded, the Foundation is increasingly sharing its unique ability to identify, train, mentor and fund young entrepreneurs across Africa, with institutions such as the UNDP, the ICRC and leading European development agencies.

Heirs Holdings, which serves as a corporate role model for African businesses, and the Tony Elumelu Foundation will both celebrate 10 years of impact in November. Their mission continues to be inspired by Mr Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.

RELATED POSTS:

Tony Elumelu implicated in N41 bn NITEL fraud

COVID-19: Buhari salutes Elumelu, Rabiu, Dangote, Atiku, others for contributions

Hot this week

Journalists’ Safety: MRA Urges FG to Implement UN Plan of Action

Media Rights Agenda (MRA) has called on the Federal...

Kano Group Questions Senator Hanga’s Position on Kwankwasiyya, Cites Petition to ICPC

The Kano People’s Rights Alliance (KPRA) has criticised recent...

APGA Releases Timetable for 2026 Anambra LG Primaries

The All Progressives Grand Alliance (APGA) has released its...

Kano Governor’s Defection to APC Will Strengthen Democratic Values — Mustapha Coach

By Jabiru HassanChairman of the Kano State Youth Association...

EFCC Arraigns Alleged Fake Investor Over $525,276 Fraud in Uyo

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC),...

Excitement as TETFund begins construction of Abuja Leadership Centre

The Vice-Chancellor of Yakubu Gowon University (formerly the University...

Civil Society Groups Commend Senator Jarigbe’s Performance, Urge Responsible Public Discourse

Civil Society Groups for Good Governance (CSGGG), an alliance...

Women Group Backs Senator Jarigbe with Vote of Confidence

By Joyce Remi-BabayejuA Cross River State based Women professionals...

NSCDC Launches Gender Policy II to Promote Inclusive Security Operations

The Nigeria Security and Civil Defence Corps (NSCDC) has...

Bandits Abduct Two Sisters in Southern Kaduna Community

Bandits have attacked Maraban Rido community in Chikun Local...

Bauchi State at 50: Dogara Salutes Cradle of Excellence

Fifty years after its creation in 1976, Bauchi State...

Prof. Ali Pate Calls on Scientists to transform Nigeria into Clinical Ecosystem

By Joyce Remi-BabayejuAs renowned global Scientists and researchers gathered...

Related Articles

Popular Categories

spot_imgspot_img