• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Elumelu canvases Africapitalism as catalyst for economic development

Zainab Iwayemi by Zainab Iwayemi
January 29, 2022
in Politics
Tony Elumelu, United Bank for Africa Plc, Nigeria at 63

Tony Elumelu, Group Chairman, UBA

Share on FacebookShare on TwitterShare on Linkedin

Tony Elumelu has stated that Africapitalism is an important tool to position the private sector and entrepreneurs as a catalyst for social and economic development of the African continent.

Elumelu, who doubles as the Chairman, United Bank for Africa and Heirs Holdings Limited said this at the Jamaican Stock Exchange (JSE) – 17th regional and capital market annual conference 2022.

According to him, wealth creation for him came from following his philosophy of Africapitalism as an entrepreneur which led him to investing in long-term strategic sectors of the economy.

RelatedStories

Meet the owners of the 15 most expensive hotels in Nigeria

Meet the owners of the 15 most expensive hotels in Nigeria

June 29, 2025
Tony Elumelu, UBA, CBN, Naira

Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

May 29, 2025

What Elumelu is saying about Africapitalism

Elumelu explained that Africapitalism is all about doing good and doing well whilst urging for the creation of wealth and social good. According to him, a key tenet of Africapitalism is the importance of the public sector in supporting the private sector’s efforts through the creation of the enabling environment that will support entrepreneurs and their businesses.

He said, “We must all ensure that the cultural linkages that connect Africa and the diaspora are strengthened not weakened. We have so much to learn from one another, our experiences and knowledge must be harnessed for the upliftment of Africa, the Caribbean, and the diaspora everywhere and anywhere”

Inferring from his grass to grace story, he pointed out that the Nigerian banking system is not today what it was when he started out his entrepreneurial journey long ago.

“I took a bank that was distressed and immediately set out 3 bold and audacious strategic intents in our turnaround strategy. Our first intent at the time was to become financially viable because we were a distressed bank while second intent was to become one of the top 10 banks in Nigeria, and we fixed timeframes to achieve this and third intent was to become one of the top 3 banks in Nigeria. These strategic intents helped to shape our activities and actions and accomplishments,” he said.

Noting that there is a high tendency to overlook things such as corporate governance as a fanciful thing reserved for large corporates, he advised, “Often the foundations built at the early stages of a business determine the trajectory of that company and this is a message to all entrepreneurs. Ensure you get your corporate governance right; it is most important to address these issues when you are small as opposed to when you are a larger organization”

Tags: AfricapitalismTony Elumelu
Zainab Iwayemi

Zainab Iwayemi

For further inquiries about this article, contact: Email: zainab.iwayemi@nairametrics.com Twitter: @IwayemiZainab LinkedIn: Zainab Iwayemi

Related Posts

Meet the owners of the 15 most expensive hotels in Nigeria
Exclusives

Meet the owners of the 15 most expensive hotels in Nigeria

June 29, 2025
Tony Elumelu, UBA, CBN, Naira
Breaking News

Heirs Holdings buys 45 million units of UBA shares worth N1.54 billion

May 29, 2025
Africa’s millionaire population to reach 195,000 by 2032
Opinions

Africa Day 2025: Igniting the Continent’s promise on the global stage

May 25, 2025
UBA’s Tony Elumelu: Africa’s Entrepreneur-in-Chief 
Companies

UBA’s Tony Elumelu: Africa’s Entrepreneur-in-Chief 

May 16, 2025
In testament to his Impact on the Continent, Gabonese President honours Tony Elumelu for championing African development
Companies

In testament to his Impact on the Continent, Gabonese President honours Tony Elumelu for championing African development

May 6, 2025
UBA to complete CBN’s N500 billion capital requirement in Q3 2025 amid business expansion plans – Tony Elumelu 
Companies

UBA to complete CBN’s N500 billion capital requirement in Q3 2025 amid business expansion plans – Tony Elumelu 

April 26, 2025
Next Post
Rice Operation

WACOT targets completion of 120,000-ton mill in 15 months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards
  • United States appoints Rick Swart as new Consul General to Southern Nigeria 
  • Survey: Over 62% of Nigerians want interest rates lowered ahead of MPC meeting 

Follow us on social media:

Recent News

Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

Sabreworks celebrates excellence, rewards outstanding team members with life-changing awards

July 19, 2025
New U.S. Consul General arrives in Lagos 

United States appoints Rick Swart as new Consul General to Southern Nigeria 

July 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics