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UBA chairman, Elumelu set for Keynote Address at TICAD summit in Japan

All is set for leading Africapitalism campaigner, founder of the Tony Elumelu Foundation (TEF) and the Chairman of the United Bank for Africa (UBA), Tony Elumelu to speak at the Seventh Tokyo International Conference on African Development (TICAD).

The summit, which President Muhammadu Buhari had left for in company of some governors, is expected to take place in Yokohama, Japan from August 28 – 30, 2019.

Organised by the Japanese Government, TICAD is a three yearly forum for advancing Africa’s development through people, technology and innovation, bringing together government, business leaders, companies and other stakeholders.

A statement issued by UBA said “As the leading champion of entrepreneurship in Africa, Mr. Elumelu will ensure that the voice of a new generation of African entrepreneurs, capable of transforming the continent, is heard at the highest level.”

Business Hilights gathered that Elumelu will speak alongside global and African political and business leaders, including Prime Minister Shinzō Abe of Japan; President Buhari, Mr. Abdel-Fattah El-Sisi, President of Egypt and Chair of the African Union (AU); H.E. Mr. Cyril Ramaphosa, President of South Africa; and H.E. Mr. Paul Kigame, President of Rwanda.

Additional details revealed that the founder of TEF will deliver a keynote speech at the Plenary Public-Private Business Dialogue, the core session, that brings together Japanese and African public and private sector leaders at TICAD.  At this event, Elumelu will promote his philosophy, Africapitalism, which posits entrepreneurship being the key to unlocking economic transformation in Africa as he highlights the urgent need to empower young entrepreneurs and how critical it is for governments and other policy makers to create the enabling environment that ensures entrepreneurial led growth.

Buhari Japan
President Muhammadu Buhari airborne to Japan Confrence in company of some Governors including Babajide Sanwo-Olu of Lagos State

Indications are rife that as soon as a welcome address by the Japanese Prime Minister, Mr Shinzo Abe is presented, Mr. Elumelu will deliver the keynote address at the official Business Forum, hosted by the Japan External Trade Organisation (JETRO).

Analysts say the Conference provides a unique platform for key decision makers from Japan and Africa, both in business and politics, to identify opportunities for investment and knowledge exchange.

No doubt, at a time when international governments and agencies are increasingly recognising that the route to Africa’s transformation is through African-led solutions and private sector growth, Mr. Elumelu’s track record of success, founding UBA, now one of Africa’s leading financial services groups, with presence in twenty African countries, New York, Paris and London as well as his multi-sector proprietary investment holding company, Heirs Holdings, employing over 30,000 Africans, typifies a new generation of African business dynamism.

Additional details indicate that during his visit to Japan, the chairman of UBA will join H.E. Paul Kagame, President of Rwanda and Co-Chair of the Leaders’ Group of Generation Unlimited (Gen-U), and UNICEF Executive Director, Henrietta Fore, to co-chair a UNICEF [and Africa Union] breakfast meeting focused on catalysing investment in African youths and developing a specific vision for job creation in Africa.

The event will seek specific commitments from African leaders for the implementation of a business plan for digital connectivity in Africa such as the Tony Elumelu Foundation’s TEF Connect, the largest digital network for African entrepreneurs.

TEF 2019
L-r: Prime Minister of Uganda, H.E. (Dr.) Ruhakana Rugunda; President of Democratic Republic of Congo, H.E. Felix Tshisekedi; President of Senegal, H.E. Macky Sall; The Founder, The Tony Elumelu Foundation, Mr. Tony Elumelu; Vice President of Nigeria, H.E. (Prof) Yemi Osibanjo; Wife of the Founder, The Tony Elumelu Foundation, Dr Awele Elumelu; President of Rwanda, H.E. Paul Kagame; Moderator and Host Fareed Zakaria GPS, CNN Presenter, Mr. Fareed Zakaria, during the Founder’s Presidential Dialogue held at the Tony Elumelu Foundation Entrepreneurship Forum 2019, the largest gathering of African entrepreneurs, held in Abuja on Saturday.

Through the Tony Elumelu Foundation, Mr. Elumelu is forging the new narrative for Africa.  In the first five years of the Foundation’s flagship Entrepreneurship Programme, 7,521 African entrepreneurs from all 54 African countries have benefitted from Elumelu’s personal commitment of $100m seed capital funding, mentorship, and training. Six of the beneficiaries of the Programme have been sponsored to attend TICAD conference, sponsored by the UNDP.

Mr. Elumelu will be accompanied by a delegation from the United Bank for Africa and the Tony Elumelu Foundation, including Ifeyinwa Ugochukwu, CEO, Tony Elumelu Foundation; Dupe Olusola, Group Head, Marketing, UBA, and Muyiwa Akinyemi, Group Head Corporate Banking, UBA.