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Person of The Week – Tony Elumelu

Anthony Onyemaechi Elumelu CFR

Anthony Onyemaechi Elumelu CFR is a distinguished Nigerian entrepreneur, philanthropist, and influential figure in the global business landscape. With a career spanning several decades, Elumelu has made significant contributions to the development of Africa’s private sector, entrepreneurship, and economic empowerment. His visionary leadership, commitment to social impact, and unwavering dedication to fostering entrepreneurship have earned him widespread recognition and acclaim.

Born on March 22, 1963, in Jos, Nigeria, Elumelu embarked on his journey to success with a strong academic foundation. He graduated from the prestigious Ambrose Alli University with a degree in Economics, and later obtained a Master’s in Economics from the University of Lagos. His relentless pursuit of knowledge and his deep understanding of economics and business principles would serve as the bedrock of his remarkable career.

Elumelu’s career breakthrough came when he joined the United Bank for Africa (UBA) in 1997 as the Chief Executive Officer. Under his visionary leadership, UBA underwent a remarkable transformation and emerged as a global financial institution with a presence in over 20 African countries and several international markets. His innovative approach to banking and his commitment to expanding access to financial services played a pivotal role in driving economic growth and development across the African continent.

Beyond his remarkable success in banking, Elumelu is also renowned for his unwavering commitment to fostering entrepreneurship and economic development in Africa. He is the founder of the Tony Elumelu Foundation, a non-profit organization dedicated to empowering African entrepreneurs through mentorship, training, and financial support. The Tony Elumelu Foundation Entrepreneurship Program (TEFEP) has become a flagship initiative, catalyzing thousands of businesses and creating jobs across the continent.

Elumelu’s impact extends well beyond the business and philanthropic spheres. He has consistently championed the importance of responsible and ethical leadership, serving as a role model for aspiring entrepreneurs and business leaders. His efforts to promote Africapitalism—a philosophy that advocates for the private sector’s role in driving Africa’s economic and social development—have gained international recognition.

In acknowledgment of his outstanding contributions to business, entrepreneurship, and philanthropy, Anthony Onyemaechi Elumelu has received numerous accolades and awards, including the prestigious CFR (Commander of the Federal Republic) from the Nigerian government. He is also a respected thought leader, sharing his insights on entrepreneurship, leadership, and economic development at global forums and conferences.

Anthony Onyemaechi Elumelu CFR continues to inspire and drive change across the African continent and beyond. His enduring commitment to empowering entrepreneurs and promoting sustainable economic growth serves as a beacon of hope and a testament to the transformative power of visionary leadership.