The Group Chairman of United Bank for Africa (UBA) and Heirs Holdings Tony O. Elumelu, was in Zambia at the invitation of United States Vice President, Kamala Harris.
Elumelu joined other global leaders at the inaugural meeting of the Steering Committee of the United States Government’s initiative “Gender Inclusion in the Digital Economy” held recently, in Lusaka, Zambia.
Elumelu’s attendance represents a further recognition of his advocacy of the transformation of Africa, through a dynamic private-public sector approach, made most recently at the US-Africa Leaders’ Summit, held in Washington D.C, hosted by President Biden in December 2022.
The UBA chairman said he welcomed the increased engagement of the U.S. Administration with Africa, a partnership that he has stressed should be based on equity and mutual respect.
As one of Africa’s leading entrepreneurs, Elumelu sees many common values, between the entrepreneurially driven U.S. economy and the opportunities in Africa, not least in creating the enabling environment to support Africa’s highly entrepreneurial youths.
He is an ardent advocate of Africapitalism, his belief that Africa’s economic renaissance will be catalysed by the collaboration between public and private sectors, and that the private sector must create social good, as well as economic wealth.
Africapitalism is the economic philosophy developed by Heirs Holdings Chairman, Tony Elumelu, CFR, and is predicated on the belief that Africa’s private sector can and must play a leading role in the continent’s development.
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