Nigerian billionaire philanthropist Tony Elumelu on US tour to boost African entrepreneurship

By Julian Pecquet
Posted on Wednesday, 4 May 2022 17:03, updated on Thursday, 5 May 2022 19:10

Tony Elumelu, Non-Executive Chairman, United Bank for Africa. Arrival of business leaders and participants for the second edition of the Tech for Good Summit on May 15, 2019 at Hotel de Marigny in Paris, organized by Emmanuel Macron, President of French Republic. Paris, FRANCE

Nigerian billionaire businessman and philanthropist Tony Elumelu is on a US tour to drum up public and private support for his quest to kickstart African entrepreneurship.  

The chairman of the United Bank for Africa and founder of the Tony Elumelu Foundation met with US officials in Washington last week before checking in on his business interests in New York, Los Angeles, San Francisco and Utah.

It’s his first US trip since the Covid-19 pandemic and a chance to share his vision of Africapitalism with the Joe Biden administration that has made “trade not aid” a central tenet of its engagement with Africa.