Chairman, United Bank for Africa Plc and Founder, Tony Elumelu Foundation, Mr. Tony Elumelu has said that Africa will soon become the engine of global economic growth.
Elumelu made this statement while delivering a key note address on the topic: ‘Entrepreneur-led development: A new model for Africa’, at the Georgetown University, Washington DC, United States.
He gave the example of UBA, Dangote Group and MTN as big African Businesses serving millions of Africans in Africa and Diaspora.
He said “The United Bank for Africa, which I chair, employs about 12,000 people and provides banking and financial services to eight million Africans and businesses in 19 African countries, with a presence in Paris, London, and New York.
“The platform provided by UBA across Africa and the globe enables individuals to save and carry out seamless transactions across the world. UBA supports businesses to secure the capital they require to grow, and drives intra-African trade and investment on scales previously unheard of.”
He added that his soon to be released book entitled: ‘Africans Investing in Africa’, a research partnership between the Tony Elumelu Foundation and the Oppenheimer family’s Brenthurst Foundation, would reveal how many African companies were creating hundreds of thousands of jobs in different countries.