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African Changemaker

Tony O. Elumelu

Tony Elumelu is a Nigerian entrepreneur, investor, and philanthropist passionate about Africa’s economic development.

A champion of #Africapitalism, the 59-year-old is on a mission to position Africa’s private sector and, most importantly, entrepreneurs as the catalyst for the social and economic development of the continent.

He is the founder of The Tony Elumelu Foundation, a philanthropic organization empowering African entrepreneurs to catalyze economic growth, drive poverty eradication, and ensure job creation.


Tony is also serving as the Chairman of Heirs Holdings, a family-owned investment holding company.

 

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Airtel Africa and SpaceX’s Starlink have launched Africa’s first commercial satellite-to-phone service in the Democratic Republic of the Congo, enabling eligible Airtel customers to send messages from areas without terrestrial mobile coverage.
Small Foundation has made an undisclosed investment in Unmarkets, a Nairobi-based venture builder that creates food and agricultural businesses with established African-owned companies.
Swedfund, Sweden’s development finance institution, is providing a $20 million loan to the Africa Go Green Fund to expand debt financing for businesses and projects that reduce greenhouse gas emissions across Africa.