Global investor, philanthropist and Chairman of United Bank for Africa Plc (UBA), Tony Elumelu, has been listed in the TIME Magazine’s ‘100 Most Influential People 2020′.
Nigeria’s Tunji Funsho, an accomplished physician and Tomi Adeyemi, a bestselling novelist and creative writing coach, are among the four Africans listed by the TIME Magazine’s ‘100 Most Influential People 2020′.
The 100 Most Influential People list, which is in its 17th year, recognizes the activism, innovation and achievement of the world’s most influential individuals.
In his remarks, Africa’s richest man and the President of Dangote Industries Ltd, Aliko Dangote, described Elumelu as a leading proponent of “Africapitalism,” a belief that Africa’s private sector can and must play a leading role in the continent’s development through long-term investments, as well as entrepreneurship and regional connectivity.”
Elumelu is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
In addition to being Chairman of UBA Group and Transcorp, Elumelu is the Founder and Chairman of Heirs Holdings, his family-owned investment company, committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy including financial services, hospitality, power, energy and healthcare.
Reputed as a champion of entrepreneurship in Africa, Elumelu in 2010 created The Tony Elumelu Foundation (TEF) to empower a new generation of African entrepreneurs.
Since inception, the foundation has funded about 10,000 entrepreneurs and created a digital ecosystem of over one million as part of its 10-year $100 million commitment through the TEF Entrepreneurship Programme.
Heirs Holdings, which serves as a corporate role model for African businesses, and the TEF will both celebrate 10 years of impact in November.
The mission of Heirs Holdings and TEF continues to be inspired by Elumelu’s economic philosophy of Africapitalism, which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.
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