Tony Elumelu named in Time100 list of 100 most influential people in the world
Nigerian Philanthropist and one of Africa’s leading investors Tony O. Elumelu has been named in the TIME100 100 most influential people in the world.
The 2020 TIME100 annual list of the 100 most influential people in the world which is now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals.
Mr Elumelu, who is one of the four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.
Tony 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.
He is the Chairman of top pan-African financial services group, the United Bank for Africa (UBA), which operates in 20 countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States.
The bank provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally.
Mr Elumelu is the most prominent champion of entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation (TEF), the philanthropy empowering a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and ensuring job creation across all 54 African countries.
Since inception, the Foundation has funded just under 10,000 entrepreneurs and created a digital ecosystem of over one million as part of its ten year, US$100m commitment through the TEF Entrepreneurship Programme.
Self-funded, the Foundation is increasingly sharing its unique ability to identify, train, mentor and fund young entrepreneurs across Africa, with institutions such as the UNDP, the ICRC and leading European development agencies.
Tony Elumelu took to his Instagram to announce the honour, see his post below;