Tony O. Elumelu — SPARQNOW

At-a-Glance

Chairman of Heirs Holdings, a family-owned investment company focused on strategic sectors of the African economy.
Chairman of United Bank for Africa (UBA), operating in 20 countries across Africa, the UK, France, the UAE, and the US.
Chairs Transcorp, Nigeria’s largest quoted conglomerate, including Transcorp Power and Transcorp Hotels Plc.
Founder and Chairman of Heirs Energies, Africa’s largest integrated energy company.
Founded The Tony Elumelu Foundation (TEF) in 2010, which has funded 18,500 entrepreneurs as part of a ten-year US$100m commitment.
Developed the economic philosophy of Africapitalism, positioning the private sector as a catalyst for African development.
Granted titles by the Federal Government of Nigeria, including Commander of the Order of the Federal Republic in 2022.

Biography

Tony O. Elumelu is an African investor and philanthropist. He is the founder and Chairman of Heirs Holdings, his family-owned investment company, which focuses on long-term investments in strategic sectors such as financial services, hospitality, power, energy, technology, and healthcare across Africa. He also serves as Chairman of the United Bank for Africa (UBA), which operates in 20 countries across Africa, the United Kingdom, France, the UAE, and the United States.

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