Tony Elumelu
Tony Elumelu is a Nigerian economist, entrepreneur, and philanthropist, best known for his advocacy of entrepreneurship as a means to drive economic development in Africa. He founded the Tony Elumelu Foundation which aims to empower young African entrepreneurs by providing them with training, mentorship, and seed funding. Elumelu's vision is to create a thriving entrepreneurial ecosystem in Africa to stimulate innovation, job creation, and economic growth.
Not in the pool (under ¢1).
Recent news mentions
Tony Elumelu supports his niece's fashion brand launch, expressing pride in her achievements.
Tony Elumelu supports niece's Mugomugo Official debut
Nigeria· 2026-01-18
Tony Elumelu described the transaction as a strong vote of confidence in African enterprises and institutions.
Heirs Energy Secures $750M to Boost Nigerian Oil OutputNigeria· 2025-12-21
Tony Elumelu Foundation is one of Africa’s most influential private-sector impact engines, supporting over 15,000 start-ups.
Africa's power of purpose: 10 foundations to watch in 2026
Kenya· 2025-12-02
Tony Elumelu is the President of the United Bank for Africa (UBA) Plc and is advocating for investment in energy, infrastructure, and entrepreneurship in Congo Brazzaville.
Tony Elumelu plaide pour l’investissement dans l’énergie, les infrastructures et l’entrepreneuriat au Congo Brazzaville
Cameroon· 2025-11-16
Tony Elumelu is the Group Chairman of UBA and founder of the Tony Elumelu Foundation.
Lender deepens Kenya ties with Sh19b bet on infrastructure, energyKenya· 2025-11-13
Tony Elumelu, UBA’s Group Chairman, celebrated the graduates and emphasized the bank’s commitment to youth empowerment.
UBA Empowers Next Generation of Leaders | News
Liberia· 2025-10-23
UBA’s Group Chairman, Tony Elumelu, emphasized the strategic importance of this whitepaper.
UBA Set to Unveil Whitepaper on Africa's Financial Infrastructure | BusinessLiberia· 2025-10-16
Tony Elumelu is the chairman of Heirs Holdings who mourned the loss of some staff members due to the fire incident.
7 Dead in Lagos Island Building FireNigeria· 2025-09-18
UBA’s Group Chairman, Tony Elumelu, emphasized the strategic importance of these dialogues.
UBA Launches Whitepaper on Unlocking Africa’s Potential | BusinessLiberia· 2025-09-16Tony Elumelu, Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, is to receive the Appeal of Conscience Award.
UBA Chairman to Receive Appeal of Conscience Award | BusinessLiberia· 2025-09-09
I thank the Tony Elumelu Foundation, who donated one billion naira to the Renewed Hope Initiative.
Oluremi Tinubu Empowers 500 Oyo Women with N25m GrantNigeria· 2025-09-01
The Tony Elumelu Foundation is committed to nurturing African entrepreneurship.
Nairobi entrepreneurship forum links african mentors with business ownersKenya· 2025-07-02
Chakwera had a high-level meeting with billionaire Tony Elumelu prior to his engagement with Dangote.
Chakwera Courts Africa’s Richest Man: Dangote Eyes Investment in Malawi’s Key Sectors - Malawi Nyasa Times
Malawi· 2025-06-30
Tony Elumelu—Chairman of Heirs Holdings, Transcorp, United Bank for Africa (UBA), and founder of the Tony Elumelu Foundation—has shown interest in Malawi's investment opportunities.
Chakwera Secures Investment Breakthrough as African Billionaire Tony Elumelu Eyes Malawi - Malawi Nyasa TimesMalawi· 2025-06-27
Tony Elumelu is the chairman of the United Bank for Africa and met with Brice Clotaire Oligui Nguema to strengthen economic relations.
Afreximbank 2025 : Oligui Nguema à Abuja pour élargir les partenariats du Gabon | Gabonreview.com
Gabon· 2025-06-27
Mr. Tony Elumelu is the Chairman of Heirs Holdings.
ECOWAS, Economic Power Brokers Convene in Abuja | BusinessLiberia· 2025-06-23
Africa’s leading entrepreneurs, including Mr Tony Elumelu, Chairman of Heirs Holdings, are among the business leaders scheduled to contribute insights.
Billions in trade, investment deals expected as Afreximbank annual meetings head to Abuja
Tanzania· 2025-06-22President Tinubu selected Elumelu as an economic adviser.
Tinubu's Presidency & Citizens' HardshipNigeria· 2025-06-17
Tony Elumelu, Chairman of United Bank for Africa, has acquired an additional N43.91 billion worth of shares in the bank over a two-day period.
Tony Elumelu Buys N43.91bn UBA Shares Ahead of Capital RaiseNigeria· 2025-06-03
Tony Elumelu is the Director of Private Sector/SME for ECOWAS.
Nigeria’s petrol price 55% below West African average – DangoteNigeria· 2025-06-02
Tony Elumelu was recognized for his role as the founder of the Tony Elumelu Foundation and his leadership at UBA.
Dette intérieure : le chef de l’État décore les artisans du redressement financier | Gabonreview.comGabon· 2025-05-05
Tony Elumelu is the Chairman of United Bank for Africa Plc and has assured shareholders that the bank will meet the Central Bank of Nigeria’s recapitalisation requirement ahead of schedule.
UBA to meet recapitalisation target by Q3 – ElumeluNigeria· 2025-04-26Tony Elumelu is profiled for his concept of 'Afrocapitalism' and is a significant influence on Somachi Chris-Asoluka's career.
Young entrepreneurs drive Africa’s economic transformation – Somachi Chris-AsolukaNigeria· 2025-04-13
Tony Elumelu has said that Nigeria’s ambition to build a $1tn economy cannot be realised without urgent and sustained efforts to address challenges in the country’s electricity sector.
We must fix electricity to build $1tn economy – ElumeluNigeria· 2025-04-10
Tony Elumelu has been appointed to the IMF's Advisory Council on entrepreneurship and growth.
Trajectoire : Tony Elumelu nommé au conseil consultatif du FMICameroon· 2025-04-04
Tony Elumelu is a leading African investor and philanthropist who co-founded the Tony Elumelu Foundation to support young entrepreneurs.
A new generation of African entrepreneursNigeria· 2025-04-03
Tony Elumelu has been appointed to the IMF Advisory Council on Entrepreneurship and Growth.
Tony Elumelu joins IMF advisory council on entrepreneurshipNigeria· 2025-03-28
Tony Elumelu is the Chairman of Transcorp who attended the Earth Hour event on his birthday.
How can we get our eco-groove back?Nigeria· 2025-03-27
In 2022, Nigerian businessman Tony Elumelu’s account was compromised, flooding his timeline with bogus crypto giveaways.
Ghana president's X account hacked, promotes crypto scamNigeria· 2025-03-18
In 2022, Nigerian businessman Tony Elumelu’s account was compromised, flooding his timeline with bogus crypto giveaways.
Ghana president's X account hacked, promotes crypto scamKenya· 2025-03-18