Africa does not need charity but investments – Tony Elumelu - Welcome to Julia Blaise Blog


Friday, 11 November 2016

Africa does not need charity but investments – Tony Elumelu

Billionaire and philanthropist believes Nigerian entrepreneurs to change Africa. At 52, Tony Elumelu heads simultaneously one of the largest banks in Africa, United Bank for Africa (UBA), present in nineteen countries, London and New York, as well as Transcorp, the largest listed conglomerate Nigeria Stock Exchange. 

At the head of Heirs Holdings, his investment company, holds shares in sectors as diverse as oil and gas, financial services, hospitality, petrochemical, agriculture, infrastructure and energy. Early, he was, at 34, owner of a bank in Lagos, the huge economic capital. 

Tony Elumelu launched in 2015, through its Foundation, a program to select each year for ten years, thousands of entrepreneurs projects, each of which offers an intensive online training, mentoring for nine months and seed money .

Click to watch his interview France with Le Monde Afrique.


  1. If only nigeria will get more investors & invest more in agriculture our situation might change for the better.

  2. Highly respected man.

  3. Why is it that all socalled big men & politicians like talking frank things abroad...just wondering.