Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings…
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Tony Elumelu Foundation and European Union Partner to Transform Economic Empowerment of African Women
Tony Elumelu Foundation (TEF), Africa’s leading philanthropy committed to empowering young African entrepreneurs, has announced a partnership with the European Union to identify, train, mentor and fund 2,500 young African women entrepreneurs in 2021. The partnership will disburse €20 million in financial and technical support for women-owned businesses, across all 54 African countries, in addition…
Belgium Confers Highest National Honour On Tony Elumelu
The Kingdom of Belgium has conferred the honorary distinction of Officer in the Order of Leopold, the country’s oldest and most important National Honour, on Africa’s leading investor and philanthropist, Tony O. Elumelu, CON, in recognition of his commitment to poverty eradication and the economic empowerment of young Africans. The Ambassador of Belgium to Nigeria,…
Giving Women a Voice…The Tony Elumelu Modus Operandi, By Lanre Alfred
It is often more convenient to possess the ashes of great men than to possess the men themselves in their lifetime. But in Tony Elumelu’s case, the reality is remarkably different; Nigeria is extremely lucky to possess Elumelu. This is because the maverick banker elevates fiscal management and entrepreneurship to an art form, for the…
Tony Elumelu Urges African Leaders To Prioritize Youth, Leapfrog Traditional Development Paths
During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding their innovations would also help attract foreign investors. The Tony Elumelu Foundation Founder spoke alongside World Bank President…
UBA Chairman, Tony Elumelu, Tours East Africa
Entrepreneur, and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr. Elumelu will travel to Uganda (April 10) and Kenya (April 12) to meet with the Executive Presidents…
Agriculture, Access to Electricity, Entrepreneurship Will Create Jobs in Africa, Says Elumelu
Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony O. Elumelu, CON, has called on African leaders and development institutions to help address the deepening job and employment crisis bedevilling the continent by lending support and paying more attention towards the agricultural sector, creating access to electricity and developing entrepreneurship. Elumelu who said this while speaking on the…
Elumelu Shares Africapitalism Philosophy In North Africa
***Calls On African Leaders To Create Youth Business Champions, Not Martyrs Fifteen delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.” In the last 5 years the Tunisian economy has struggled following a democratic uprising which ushered…
Elumelu To African Youth: Your Time For Leadership Is Now
***Advocates entrepreneurship as career choice African business leader and philanthropist, Tony O Elumelu stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of the Lagos State government, whilst delivering the institution’s 1st Distinguished Lecture Series in Ojo,…
Tony Elumelu: L’Afrique n’a pas besoin de charité mais d’investissements
Chairman of UBA Plc, Tony Elumelu, was in France recently, where he spoke on some sundry issues. Elumelu granted an interview to Le Monde Afrique and spoke on his Africapitalism ideology as it concerns Africa’s desired leap to new heights. Watch here, http://www.lemonde.fr/afrique/video/2016/11/01/tony-elumelu-l-afrique-n-a-pas-besoin-de-charite-mais-d-investissements_5023562_3212.html?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter&utm_term=Autofeed#link_time=1477992674