You Are A Leading Proponent Of “Africapitalism”, Dangote Tells UBA Chair Elumelu On Making List Of 100 Most Influential People Of 2020
The billionaire businessman behind dangote Group, Aliko Dangote has reached to out to the chairman of United Bank for Africa (UBA), Mr Tony Elumelu on his recent feat.
Mr Tony Elumelu was named among 2020 TIME100 – the annual list of the 100 most influential people in the world.
The respected business mogul made the list in recognition of “his track record of business turnaround and value creation, and economic empowerment of young Africans”.
In a piece published in time.com on September 22, 2020, Dangote described Mr Tony Elumelu as charming, tenacious and a leading proponent of “Africapitalism”.
The write up reads in full…
A mere handshake says a lot about Tony Elumelu. His gritty grip underlines his charming, tenacious personality: a man who hardly backs down from any challenge. The same engaging qualities have propelled him from a modest beginning in Nigeria to becoming chair of the United Bank of Africa, and one of the most innovative and ambitious business leaders of his generation.
He is a leading proponent of “Africapitalism,” a belief that Africa’s private sector can and must play a leading role in the continent’s development through long-term investments, as well as entrepreneurship and regional connectivity.
After deepening the financial market in Africa, he has found an equally important niche: giving a voice of hope to millions of youths across Africa. Tony has harnessed Africa’s youth bulge to catalyze development and protect the future, committing to investing $5,000 each in 1,000 young entrepreneurs per year across 54 countries in Africa. Having come so far, Tony still forges on, striking a fine balance between personal satisfaction and societal impact.
Dangote is the president of Dangote Industries Ltd.
