Press Releases

Africapitalism Institute Annual Global Advisory Board Meeting

The Tony Elumelu Foundation’s Africapitalism Institute Holds Inaugural Global Advisory Board Meeting to Discuss Local Value Creation in Africa

January 7, 2015

Global Advisory Board discuss forthcoming Africapitalism Index Abuja, Nigeria, 7 January 2015 – The Africapitalism Institute, the research and policy arm of the Tony Elumelu Foundation, held its inaugural global advisory board meeting in Abuja to review the Institute’s recent work and to discuss the methodology behind the upcoming groundbreaking Africapitalism Index. The Index is […]

The $100 Million Tony Elumelu Foundation Entrepreneurship Programme Opens on January 1, 2015

December 31, 2014

Lagos, Nigeria, January 1st 2015 – The $100 Million Tony Elumelu Foundation Entrepreneurship Programme – an annual programme of training, funding and mentoring, designed to empower the next generation of African entrepreneurs – is now open for entries through its application portal The flagship entrepreneurship programme from the Tony Elumelu Foundation opens its application portal for entries at 12:01am WAT on January 1st […]

The Tony Elumelu Foundation Entrepreneurship Programme Launched $100m programme to empower next generation of African entrepreneurs 

December 1, 2014

Lagos, Nigeria, 1 December 2014 – The Tony Elumelu Foundation has announced the launch of a $100m Pan-African entrepreneurship initiative – The Tony Elumelu Foundation Entrepreneurship Programme – a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs. The programme is the first initiative of its kind to […]

UBA Commits $1million to the Ebola Fight

November 12, 2014

Elumelu urges corporate Africa to take up the challenge.  Lagos, Nigeria 11 November, 2014 — The United Bank for Africa (UBA) Board Chairman, Tony O Elumelu, has announced the donation of $1million, to assist the fight against Ebola, currently present in three West African countries, where UBA does business: Sierra Leone, Liberia and Guinea. The […]

The Elumleu Nigeria Empowerment Fund

Tony O. Elumelu Launches Empowerment Fund to Revitalise Distressed Communities across Nigeria

October 16, 2014

Abuja, Nigeria October 16 2014 – Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund. The Fund was launched by President Goodluck Ebele Jonathan of Nigeria, with the purpose of revitalizing the economies of post conflict and disaster communities across […]

Mr. Tony Elumelu and Mr. Kofi Annan

The Tony Elumelu Foundation Supports African Statesmen’s Investment in the Next Generation of African Leaders

August 25, 2014

(Lagos, Nigeria)-Four foundations of prominent African leaders have been awarded grants by the Tony Elumelu Foundation to support their work in identifying and developing the next generation of African leaders. The recipient foundations are the Kofi Annan Foundation, the John A. Kufuor Foundation, the Olusegun Obasanjo Foundation, and the Thabo Mbeki Foundation.  All share a […]

Dr. Wiebe Boer, CEO of The Tony Elumelu Foundation, presents a N1B check for the Victim Support Fund to Vice-Chair, Mr. Fola Adeola in fulfilment of the Foundation's pledge of support for the Fund.

Tony Elumelu Commits N2.5 Billion to Revitalize Distressed Nigerian Communities at the Presidential Fundraising Dinner for the Victims Support Fund

August 19, 2014

Lagos, Nigeria – Tony O. Elumelu, CON, Founder of the Tony Elumelu Foundation and Chairman of Heirs Holdings, has committed to donating N2.5 billion towards revitalizing distressed Nigerian communities. The announcement was made on Thursday at the Presidential fundraising dinner for the Victims Support Fund, an initiative championed by His Excellency Dr. Goodluck Ebele Jonathan, […]


Tony Elumelu Foundation Donates N100 million Towards Ebola Containment and Relief Across West Africa

August 17, 2014

  (Lagos, Nigeria)-With the recent outbreak of the Ebola virus in West Africa and now in Nigeria, business leader Tony O. Elumelu through his Tony Elumelu Foundation has pledged N100 million towards the containment and relief efforts of this deadly disease across Africa.   The N100 million donation from the Tony Elumelu Foundation will be […]

wiebe awolowo

Nigerian Export Promotion Council Collaborates with The Tony Elumelu Foundation to Increase Non-Oil Exports

July 23, 2014

Abuja, 7 July 2014 – As part of its mandate to create a more competitive Nigerian economy, the Nigerian Export Promotion Council (NEPC) and The Tony Elumelu Foundation have entered into a one-year partnership in efforts to help improve Nigeria’s share of the global, non-oil export market. Under the new agreement, the Foundation has provided […]

TOE_Kigali Launch 2

Tony O. Elumelu CON speaks at the launch of the East Africa Exchange

July 4, 2014

In attendance: Presidents Paul Kagame of Rwanda, Uhuru Kenyatta of Kenya, Yoweri Museveni of Uganda, and Salva Kir of South Sudan. Kigali, Rwanda Thursday, 3 July 2014   Good Afternoon to all of you: I stand before you as the Chairman of Africa Exchange Holdings (AFEX), and Chairman of Heirs Holdings, an African investment company […]