The Africa-America Institute is thrilled to announce that its 60th Anniversary Awards Gala will present 2013 AAI Leadership Award in Business and Philanthropy award to Tony O. Elumelu, a Nigerian entrepreneur, a philanthropist and Chairman of Heirs Holdings Limited.
Recognized by Forbes Magazine as one of “Africa’s 20 Most Powerful People in 2012”, Elumelu is a leading proponent and author of the concept of “Africapitalism,” a philosophy that views the African private sector as the key driver of lasting economic transformation in Africa through long-term investments that create economic prosperity.
Elumelu founded Heirs Holdings, a pan-African proprietary investment company which invests in the financial services, energy, real estate and hospitality, agribusiness, and healthcare sectors, to boost economic prosperity and social wealth across the continent. He made his name in the banking world when he acquired and turned Standard Trust Bank into a top-five player in Nigeria, and later led the largest merger in the banking sector in Sub-Saharan Africa to acquire United Bank for Africa (UBA).
His business acumen has extended to philanthropic efforts through The Tony Elumelu Foundation, an Africa-based and African-funded, philanthropic organization that promotes excellence in business leadership and entrepreneurship, to enhance the competitiveness of Africa’s private sector.
Elumelu serves as an Advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum and is Co-Chair of the Aspen Institute Dialogue Series on Global Food Security. He sits on a number of boards serving Nigeria’s agricultural and health care sectors, among others.