President Ruto Hails Elumelu’s Commitment Of $1bn For Infrastructure Development In Kenya
President William Samoei Ruto has disclosed that Tony Elumelu’s Commitment of $1 billon towards infrastructure development in Kenya was more than an act of financial investment.
The Keyan President made the remarks when he received the respected business leader and his delegation at State House in Nairobi today, November 12, 2025.
Mr Elumelu is the Group Chairman of the United Bank for Africa (UBA) and founder of Tony Elumelu Foundation.
Hailing the proponent of Africapitalism Philosophy, President Ruto Said: “Mr. Elumelu’s enduring belief that Africa’s private sector must play a central role in driving the continent’s development is exemplified through his commitment of $1 billion towards infrastructure development in Kenya.”
“This pledge is more than an act of financial investment; it is a testament to a shared vision for Africa’s future built on enterprise, innovation, and shared prosperity,” Ruto further explained.
President Ruto’s remarks via his Facebook handle after the meeting reads…
The transformation of our continent demands a strong and purposeful partnership between Africa’s public and private sectors. Only through such collaboration can we unlock the full potential of our people and resources.
At State House Nairobi, I received the Group Chairman of United Bank for Africa and Heirs Holdings Group, Mr Tony Elumelu, and his delegation. Mr. Elumelu’s enduring belief that Africa’s private sector must play a central role in driving the continent’s development is exemplified through his commitment of $1 billion towards infrastructure development in Kenya.
This pledge is more than an act of financial investment; it is a testament to a shared vision for Africa’s future built on enterprise, innovation, and shared prosperity.
This partnership directly supports our transformation agenda, focusing on enhanced power generation, strengthened food security, and the expansion of our road and rail networks.
Together, we are shaping a new era of inclusive growth and sustainable development for Kenya and Africa.
