Business

Elumelu  Speaks on Africapitalism to youths at Ghana’s leading institution

 

 

Tony Elumelu visited Ghana as the first stop of his UBA tour of Africa,propagating the ideal of Africapitalism.  In continuation of his strategic vision of engineering a robust economic and business relationship across the continent through Africapitalism as a necessary tool for the socio economic development of Africa,   the Group Chairman UBA Plc, and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, spoke at the prestigious University of Ghana, Legon,  before hundreds of Ghanaian youths, academics and entrepreneurs.

 

The serial entrepreneur who at the young age of 34, became the Managing Director of one of Nigeria’s top banks(Standard Trust Bank), reiterated the usefulness of preparedness. He expanded on the qualities that make a successful entrepreneur.  ‘The first is dedication,  then vison, focus, ambition, and our ability to do things when we want to do them. We must always remain laser focused and aim to execute to perfection’ Elumelu said.

 

These are some of the qualities that enabled Elumelu lead one of the biggest mergers in Nigeria’s history to date. Today, UBA is amongst the top 3 banks in the country and rapidly growing in Africa.  According to Elumelu, ‘I saw us grow a bank from 5 branches to 1000 branches with presence in 19 African countries and in Paris, London and New York. The lesson here is start small, have a purpose, be disciplined, think long term’

 

He went on further to stress  that entrepreneurship and not Aid, is key to achieving poverty reduction and empowering Africans to solve our challenges without dependence on aid from western countries.

In his words, “Knowledge has no currency or value. It is priceless, and there is no greater gift than the gift of knowledge” Speaking further, he said “Africans must come up with innovative, home grown solutions for challenges we continue to face.” He added that UBA embraces this innovation: “UBA was the 1st bank to encourage customers to come and bank with zero account balance.”

Earlier during the working visit, on Monday, Tony Elumelu met with the President of Ghana, His Excellency Nana Akufo-Addo where they held fruitful discussions on matters of mutual benefit as well as deliberated on issues geared towards the growth and development of Finance and entrepreneurship in Ghana.

Of the meeting, Elumelu stated “I am delighted to be on this historic visit to Ghana which has been a shining light of UBA’s business across Africa. It was a great opportunity to meet with and congratulate the newly elected president of Ghana, His Excellency Nana Akufo-Addo and to extend our readiness to partner with his administration in the rapid development of Ghana and Africa at large. It was also an honour to meet with young and vibrant Students and share my Vision of Africapitalism”.

Sahara Weekly

Sahara weekly online is published by First Sahara weekly international. contact saharaweekly@yahoo.com

Recent Posts

OurNigeria News Awards 2024: Adeosun, Mukokomani to Receive TY Buratai Excellence Award in Military Leadership

OurNigeria News Awards 2024: Adeosun, Mukokomani to Receive TY Buratai Excellence Award in Military Leadership…

7 hours ago

Nigerian Authorities Question Two Individuals in High-Profile Cyberbullying and Defamation Case Involving Pastor Paul Enenche

Lawyer Claims No Clear Reason Given for Detention of Daniel and Eneche in Defamation Case…

20 hours ago

El-Rufai’s Involvement in SDP Talks Fuels Political Speculation

El-Rufai, Atiku Allies, SDP Leaders Hold Strategic Meeting Ahead of 2027 Elections   Prominent political…

21 hours ago

Mali’s AFCON Star Coach Eric Chelle Joins Nigeria’s Super Eagles

Eric Chelle Tasked with Steering Super Eagles to 2026 World Cup   The Nigeria Football…

21 hours ago

Portable Sparks Reactions as He Sides with Burna Boy Amid Feud with Cubana Chief Priest

Portable Sparks Reactions as He Sides with Burna Boy Amid Feud with Cubana Chief Priest…

21 hours ago

Nnamdi Kanu Opposes Federal Government’s Bid to Resume Trial, Demands Judge’s Recusal

Nnamdi Kanu Opposes Federal Government’s Bid to Resume Trial, Demands Judge’s Recusal   The detained…

21 hours ago