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Tony Elumelu

We Should All Be Africapitalists – Elumelu

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Renowned entrepreneur and philanthropist Tony Elumelu took to his social media platform to emphasize the importance of adopting an Africapitalist approach for the betterment of the African continent.

In his post, Mr. Elumelu highlighted the significance of long-term investments and collaborative efforts aimed at eradicating poverty, creating jobs, and empowering women throughout Africa.

Mr. Elumelu’s statement comes as the 78th United Nations General Assembly commences, with its central theme focusing on “Rebuilding Trust and reigniting global solidarity: Accelerating Action on the 2030 Agenda and its Sustainable Development Goals towards Peace, prosperity, progress, and sustainability for all.”

Reflecting on his recent engagements on the international stage, Mr. Elumelu shared that he had been invited to prominent gatherings in Paris and London.

In June, he attended the Summit for New Global Financing at the request of President Macron, and in July, he participated in the Climate Finance Mobilisation Forum in London, hosted by King Charles and U.S. President Biden.

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As the representative of Africa in these forums, Mr. Elumelu advocated for a pragmatic green strategy that addresses the disparities affecting the African continent, particularly the current energy deficit.

Now, Mr. Elumelu has arrived in New York to participate in the United Nations General Assembly, an annual event that brings together global leaders for high-level discussions.

During this assembly, he plans to underscore the vital work carried out by The Tony Elumelu Foundation in areas such as youth empowerment and entrepreneurship, equitable climate solutions, bridging the digital divide, women’s empowerment, and other pressing issues.

Additionally, Mr. Elumelu will address how Heirs Holdings, the group he leads, is actively championing the United Nations’ 2030 agenda in Africa to promote sustainable development.

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In his concluding remarks, Mr. Elumelu emphasized the urgency of addressing the critical global issues that currently confront humanity.

He noted that these challenges are becoming increasingly evident, and the window of opportunity to tackle them is narrowing. His call for adopting an Africapitalist approach echoes the need for sustained, collective action to overcome these challenges and create a brighter future for Africa and the world.


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