Small and medium sized enterprises (SMEs) are essential to growing African employment and GDP. In high-income countries, SMEs represent a high share of economic activity, a large share of employment, and bring informal business activity into the formal economy. Yet, a severe lack of financing is limiting the ability of African SMEs to grow and …
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Kick-starting Africa’s SME sector
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The New York Times: Powering Africa
<em>After President Obama’s visit to Tanzania, where the Power Africa initiative was launched, the New York Times’ editorial board says his plan to bring electricity to millions of Africans is promising, but the outcome depends on how it is carried out and whether it is sustained.</em> President Obama’s “Power Africa” initiative, unveiled during his recent …
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In Africa, the best ‘charity’ is aid for business
Aid for business in Africa – In this article, which appeared in the Christian Science Monitor, Tony O. Elumelu asserts that the traditional approach to solving Africa’s problems through aid has created a cycle of dependency. A better approach, he says, is to use donor subsidies to fund private, for-profit ventures. Submit Cancel Thanks for …
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Nigerian banker says African billionaires’ ventures must aid poor
African billionaires should step up their giving, but should ensure that their money delivers change to ordinary citizens Submit Cancel Thanks for your feedback!
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How to Spread It: Tony Elumelu
Tony O. Elumelu, CON, speaks to Citypress of South Africa about impact investment and developing Africa for the long term Submit Cancel Thanks for your feedback!
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UNILAG’s brightest receive Elumelu Prize
“With the right support, Nigeria’s young leaders can transform the continent” — Elumelu LAGOS, NIGERIA, 23 April 2013 – Today, three of the most intelligent graduates of the University of Lagos (UNILAG) came closer to achieving their ambitions to make a positive contribution to Africa’s development. In a special convocation ceremony hosted by Professor Rahamon …
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Tony Elumelu BusinessDay Article: Healthcare is a social concern that has long-term economic implications
Tony Elumelu shares in the BusinessDay newspapers his involvement as chairman of the Ministerial Committee to establish world class hospitals and diagnostic centres across Nigeria and proffered the way forward in improving the healthcare sector in Nigeria. [wpfilebase tag=file id=3 tpl=simple /] Submit Cancel Thanks for your feedback!
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New Impact Fund Launched to Fuel Impact Investing in Africa
Today, The Rockefeller Foundation and the Tony Elumelu Foundation announced the launch of the Impact Economy Innovations Fund (IEIF) at the Impact Investing in Africa: Accelerating the Industry Regionally Forum. The event, hosted by The Rockefeller Foundation, the Tony Elumelu Foundation, and the Bertha Centre for Social Innovation & Entrepreneurship at the University of Cape …
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Nigerian Entrepreneurs Shatter Growth Records of Countries in Asia, Africa and Middle East
Tony O. Elumelu, CON, presents Nigeria50 Award winner Arjan Mirchandani, Executive Director, Euro Global Food and Distilleries, with his first place award as the Minister of Trade and Investment Olusegun Aganga looks on. Location: Eko Hotel & Suites, Victoria Island, Lagos, 21 March 2013 Submit Cancel Thanks for your feedback!
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Nigerian Entrepreneurs Shatter Growth Records of Countries in Asia, Africa and Middle East
“We will develop future leaders of industry in Africa” — Elumelu Lagos, Nigeria, 22 March 2013 – Nigeria’s entrepreneurs should be firmly encouraged to continue making sustainable investments in the local economy, as this will form a new approach toward building competitive industries in Africa. This is the view of Tony O. Elumelu, CON, the …
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