Elumelu on strategic Pan-African tour to boost growth.

L: Tony Elumelu: UBA Group Chairman

The initiator of the concept of Africapitalism, Tony Elumelu, who is also Chairman of the United Bank for Africa, UBA Group, has been holding strategic discussions with the leaders and stakeholders in four African countries.

Elumelu has been to Rwanga, Republic of Congo, Zambia, Uganda and Mozambique.



The international business tycoon and philanthropist has throughout the course of his tour been holding discussions with the leaders of the aforementioned countries.

The Pan-African tour with the countries position in East, Central, and Southern Africa, officials said, have been deepening engagements on empowering entrepreneurship, intra-African trade and investments that corresponds to the needs of the times. 

A release from Elumelu’s team indicated that, the ongoing visits tie with his unwavering commitment to fostering economic resilience, empowering entrepreneurs, and unlocking investment opportunities to propel Africa's sustainable development.

Beyond meeting with Presidents, Elumelu has also been talking with policymakers, business leaders, and youth innovators. 

Issues such as collaborative strategies for infrastructure financing, digital inclusion, and youth-led entrepreneurship are earmarked have topped the exchanges. 

The discussions, the UBA Group Chairman’s team said, aim to harness Africa's demographic dividend. This, they said, is vital given that over 60% of Africa’s population is under 35; positioning the Continent as a global engine of innovation and prosperity.

"Africa's story is one of immense potential, and it is time we take ownership of it," Elumelu is quoted as having said, noting that: "Through this tour, UBA is not just visiting these vibrant nations; we are igniting partnerships that will drive real impact, we must build resilient foundations together”. 

He added that: “This means empowering our entrepreneurs, bridging infrastructure gaps, and creating shared prosperity for generations to come".

The tour, he noted, builds on UBA's legacy as Africa's Global Bank. 

Recent milestones include the launch of UBA's White Paper, Banking on Africa's Future. 

Officials said it unlocks capital and partnerships for sustainable growth, calling for increased Foreign Direct Investment, FDI, in green assets and human capital development.

The strategic outreach comes at a pivotal moment, as Africa's Gross Domestic Product, GDP, is projected to reach $2.6 trillion by 2030. This, is said to be driven by sectors like telecommunications, education technology, and consumer goods.

By strengthening ties with global partners, UBA officials said, aims to facilitate $50 billion in trade and investment flows over the next five years. 

The Bank connects businesses and investors to transformative opportunities on the continent, driving innovation in digital banking, sustainable finance, and inclusive growth. 

With a commitment to Africapitalism, officials maintain that UBA is empowering Africa's future through strategic partnerships and entrepreneurial support.

 

This article was first published in The Guardian Post Edition No:3624 of Friday November 14, 2025

 

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