Prominent African entrepreneur and philanthropist Tony Elumelu will co-chair the New Africa Summit at the eighth edition of the Future Investment Initiative (FII) in Riyadh. The summit, themed “Infinite Horizons,” will bring together global leaders to explore how investment can drive sustainable development.
Gatekeepers News reports that Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA) and Founder of The Tony Elumelu Foundation (TEF), will significantly shape discussions around Africa’s economic transformation.
He will participate in the opening plenary, titled “Board of Changemakers: Banking & Investment,” alongside other global financial leaders. He will also lead a fireside chat focusing on the “Landscape of African Entrepreneurship,” emphasising the importance of entrepreneurship and youth investment in accelerating Africa’s growth.
Elumelu’s participation highlights the increasing focus on Africa’s potential at FII. He will advocate for entrepreneurship as a critical driver of economic growth, drawing on the successes of the Tony Elumelu Foundation, which has empowered over 20,000 African entrepreneurs across 54 countries. He will also highlight the growing economic ties between Africa and the Gulf region.
Other Heirs Holdings executives will also participate, showcasing the group’s diverse investment portfolio and global reach. This includes Owen Omogiafo, President and Group CEO of Transcorp Group, who will discuss women’s role in powering sustainable energy supply chains; Osa Igiehon, CEO of Heirs Energies, who will share insights on Africa’s energy transition; and Muyiwa Akinyemi, Deputy Managing Director of UBA Group, who will discuss economic ties between Africa and the Gulf Cooperation Council (GCC).
Elumelu expressed his enthusiasm for the summit, emphasising the growing economic partnership between Africa and the Gulf and highlighting the potential for mutually beneficial investments. The Tony Elumelu Foundation will also host a separate plenary session on youth entrepreneurship and its contribution to shared prosperity in Africa. The summit is expected to generate significant momentum for investment and collaboration focused on Africa’s future.
