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Tony O. Elumelu

Chairman, United Bank for Africa Plc

Tony Elumelu is an economist, investor, and philanthropist. He chairs privately held investment firm Heirs Holdings and Nigeria’s largest quoted conglomerate Transcorp. Mr Elumelu invests across Africa, primarily in oil & gas, financial services, hospitality and power sectors. His investments are informed by his philosophy of Africapitalism: the belief that the private sector can lead Africa’s economic renaissance and that investment should create both economic prosperity and social wealth. Mr Elumelu sits on several global public and social sector boards including the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group Partners Forum (PCG). He is the Chairman of leading pan-African financial services group, the United Bank for Africa (UBA), with presence in 19 African countries, and offices in Paris, London and New York. He is also the Founder of the Tony Elumelu Foundation, which has seeded $100 million through the Tony Elumelu Entrepreneurship Programme, to champion entrepreneurship across Africa over the next 10 years. Amongst his numerous roles, he serves as Co-Chair of the Aspen Institute Strategy Group on Global Food Security, sits on the Global Advisory Board of the Washington DC based think tank, the Wilson Centre, and is a member of the Global Advisory Council of the Harvard Kennedy School’s Centre for Public Leadership. He is also a member of the World Economic Forum Community of Chairmen.