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Tony Elumelu

Lagos, Nigeria

Expert on banking and finance in Africa

CEO of United Bank for Africa (2005-10)

Founder of The Tony Elumelu Foundation (2010-present)

Tony Elumelu is a Nigerian entrepreneur and philanthropist.

He is founder of The Tony Elumelu Foundation, an African funded charity whose mission is to enhance the competitiveness and growth of Africa’s private sector. He is also Chairman of Heirs Holdings, a pan-African investment company deploying proprietary capital in the most promising sectors of the continent.

Tony’s reputation as a prominent African business leader is founded on his vision and strategy for United Bank for Africa (UBA), a single country bank that he transformed into a pan-African financial services institution serving over 7 million customers in 20 African countries and operating in Europe and the US. He retired as Group CEO of UBA in 2010.

His commitment to proving that the African private sector can be the primary driver of Africa’s economic transformation is evident by his numerous honours, board and committee appointments. In 2011, New African magazine named him one of the Top 100 Most Influential Africans in the area of business and finance. He also serves as Chairman of a wide range of companies, including Tenoil Petroleum and Energy Services and Transnational Corporation, a diversified conglomerate with strategic investments in the hospitality, agribusiness, oil and gas sectors.

In 2012, Tony was made a Commander of the Order of the Niger (CON) by the Federal Government of Nigeria. He was previously awarded Member of the Order of the Federal Republic (MFR) in 2003.

Our Comment

"Tony is also founder of Heirs Holdings, an African investment company committed to the economic transformation of Africa through investments that generate both economic prosperity and social wealth."

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