Tony O. Elumelu, C.O.N
Tony O. Elumelu is a visionary entrepreneur and a philanthropist. Born, raised and educated in Africa, Mr. Elumelu has been responsible for creating businesses across the continent, in sectors critical to Africa’s economic development.
In 2010, he founded Heirs Holdings, an African investment holding company, with investments in financial services, power generation, oil and gas, agribusiness, real estate and hospitality. In the same year, he established the Tony Elumelu Foundation, an Africa-based and African-funded philanthropy, dedicated to catalysing entrepreneurship across Africa.
He is Chairman of Heirs Holdings, UBA Group Plc, Seadrill Nigeria Ltd and Transcorp Plc — Nigeria’s largest listed conglomerate.
In his early career, Mr. Elumelu turned the financially distressed Standard Trust Bank (STB) into a top-five financial services player in Nigeria. In 2005, he led the largest merger in the banking sector in sub-Saharan Africa, between STB and United Bank for Africa (UBA). Today, UBA operates in 19 African countries, as well as New York, London and Paris.
Mr. Elumelu is the author and leading proponent of “Africapitalism,” an economic philosophy which advocates for the private sector’s commitment to Africa’s development through long-term investment in strategic sectors of the economy, that drive economic prosperity and social wealth.
In 2003, the federal government of Nigeria conferred the honour of Member of the Federal Republic on Mr. Elumelu and in 2012 he was named a Commander of the Order of the Niger for his service in promoting private enterprise.
He sits on the Presidential Agricultural Transformation Implementation Council and serves as Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. He played a leading role in the formation of the National Competitiveness Council of Nigeria and now serves as its Vice Chairman. He chairs the Ministerial Committee to establish world-class hospitals and diagnostic centres across Nigeria, and the Presidential Jobs Board, engineered to create 3 million jobs in one year. He presently serves as a member of the Global Advisory Board of the United Nations Sustainable Energy for All Initiative (SE4ALL) and USAID’s Private Capital Group for Africa Partners Forum.
For further information, please visit: www.tonyelumelu.com
Parminder Vir OBE
Parminder Vir is the Chief Executive Officer of the Tony Elumelu Foundation (TEF). As CEO, she manages the overall day-to-day strategic development of TEF and its mission of empowering African entrepreneurs, and ensuring that entrepreneurship becomes the primary driver of Africa’s economic growth and social transformation.
She joined the Foundation as the Director of Entrepreneurship in April 2014, and was responsible for the design of the $100 million, multi-year, pan-African Tony Elumelu Entrepreneurship Programme. TEEP is an annual accelerator 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 be launched by an African philanthropic organisation and is the largest African sourced philanthropic gift, targeting the entrepreneurial space.
She has had a 20-year award-winning career as film and TV producer with BBC Television, Carlton Television and Chanel Four, as well as CEO of her independent production company, Formation Films. She served as a Board Director of several private and public sector boards including the UKTI Asia Task Force, UK India Business Council, Non-Executive Director of Goldcrest Films, Department for Culture Media and Sports, the UK Film Council and The Indus Entrepreneurs UK.
Ms. Vir was awarded an Order of the British Empire (OBE) by Queen Elizabeth II for her services to the Broadcasting and Film industry in 2002.