No One Can Develop Africa But Us

| April 20, 2012
Tony O. Elumelu Advises Western Development Partners on Africapitalism.
Tony O. Elumelu, MFR, Founder of The Tony Elumelu Foundation, in Washington, DC this week, told groups of philanthropy, business, and development leaders that Africa’s private sector must be the leading player in contributing to the continent’s economic transformation.

“We are now the world’s fastest growing region,” said Mr. Elumelu, who is also the Chairman of Heirs Holdings, an African proprietary investment company with a long-term investment horizon. “There is a social and economic impact to be derived, but it needs to be done with the right approach – with African leadership and with the private sector, rather than from a charitable orientation.”

The former Group CEO of United Bank for Africa (UBA), a pan-African financial institution with a presence in 19 countries and 3 continents, was in the United States capital to deliver a lecture to the International Finance Corporation (IFC), as well as to deliver a keynote speech, and participate in a plenary panel at the Global Philanthropy Forum. Mr. Elumelu was also in Washington, DC to honour the invitation of World Bank Group President Robert Zoellick to participate in a meeting of his Advisory Council of Global Foundation Leaders. Read More Here

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