AUTHORITY ICON: TONY ONYEMAECHI ELUMELU

March 25th, 2018

For exhibiting unparalleled determination to surmount all odds; For floating above Nigeria’s shark infested business environment inspite of his humble beginning; For persistently leaving indelible positive footprints as he trudges on; For insisting that entrepreneurship must throw up impactful philanthropic activities, TONY ONYEMAECHI ELUMELU is The AUTHORITY ICON.

• Born on March 22nd, 1963, Tony Onyemaechi Elumelu hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. An economist by training, a serial entrepreneur and philanthropist, Elumelu is Founder and Chairman of Heirs Holdings Ltd, a privately held pan-African investment firm, with interests in the power, oil and gas, financial services and hospitality sectors.
• He is equally the Chairman of Transcorp, Nigeria’s largest listed conglomerate, and leading pan-African financial services group, United Bank for Africa, with presence in 19 African countries, and offices in Paris, London and New York.
• In 2010, Mr Elumelu created The Tony Elumelu Foundation, which champions African entrepreneurship. In January 2015, the Foundation launched the $100 million Tony Elumelu Entrepreneurship Programme to seed and support 10,000 African entrepreneurs over the next decade.
• The Programme represents his personal commitment to the economic philosophy of “Africapitalism”, a development model he propagated that positions the African private sector – including its entrepreneurs – as the catalyst to ensuring Africa’s sustainable social and economic development.
• Elumelu sits on numerous public and social sector boards, including the global advisory board of the United Nations Sustainable Energy for All Initiative (SE4ALL); USAID’s Private Capital Group Partners Forum (PCG), and the Aspen Institute’s Global Food Security Working Group.
• He also serves on the International Advisory Board of the Washington DC based think tank, the Wilson Center, and is a member of the Global Advisory Council of the Harvard Kennedy School’s Centre for Public Leadership. He is also a member of the World Economic Forum Community of Chairmen.
• Elumelu holds the national honours, the Commander of the Order of the Niger (CON), and Member of the Order of the Federal Republic (MFR). He was recognised as one of “Africa’s 20 Most Powerful People in 2012” by Forbes magazine.
• Elumelu serves as an advisor to the USAID’s Private Capital Group for Africa (PCGA) Partners Forum. In 2013, Elumelu received the Leadership Award in Business and Philanthropy from the Africa-America Institute (AAI) Awards. The same year, he was named African Business Icon at the African Business Awards.
• Aside from these, ESI-Africa, frequently described as “Africa’s power journal”, named Elumelu in its 2015 “ESI Most Influential Figures in African Power” list, in January 2015. And at the 5th edition of the annual Economic Forum of the Ivorian National Council of Employers, CGECI Academy, (CGECI) in Abidjan in April, 2016, he was awarded a Lifetime Achievement Award. Thereafter from 11th to 13th May, of that year, he co-chaired the 26th World Economic Forum on Africa in Kigali, Rwanda.
• This illustrous alumnus of Harvard Business School’s Advanced Management Programme is married to Dr. Awele Vivien Elumelu and the union is blessed with children.

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