Tony Elumelu: Champion of Philanthropy and Social Impact.
Tony Elumelu If there is anything the African continent needs the most, it is economic empowerment for individuals, communities and social groups. But for half a century, Africa found itself at a dead-end; even the IMF/World Bank-prescribed panaceas had failed the continent, just as governments have failed spectacularly to lift their countries out of poverty. Enter Tony Elumelu, Nigerian economist and entrepreneur, and an ardent propounder of Africapitalism, the development theory whose main tenet is the belief that the private sector holds the key to unlocking Africa’s On a personal level, Elumelu, CON, is a successful banker, and a successful entrepreneur. As the Chairman of the United Bank for Africa (UBA)―the pan-African financial services group which operates in 20 countries in Africa, the United Kingdom and France―Elumelu is one of the titans of the financial market in Africa. Aside from chairing Transcorp, Nigeria’s largest quoted conglomerate, he h...