Governor of Lagos State, Babajide Sanwo-Olu, and business leader and philanthropist, Tony O. Elumelu, led other real estate stakeholders over the weekend in the groundbreaking ceremony for the new Falomo Towers development in Ikoyi, Lagos. The project is being developed…
Tony Elumelu Foundation empowers 4,949 African entrepreneurs for 2021 Entrepreneurship Programme
The Tony Elumelu Foundation (TEF), the leading philanthropy empowering African entrepreneurs from all 54 African countries, has selected 4,949 entrepreneurs from across Africa for its 2021 Entrepreneurship Programme. According to a statement by TEF, each entrepreneur receives a non-refundable US$5,000,…
Transcorp appoints Oliver Andrews as an Independent Non-Executive Director
The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. According to a statement, Mr Andrews brings over 35 years of…
ARISE News to interview UBA Chairman, Tony Elumelu at 8.30 am today
The Group Chairman, United Bank for Africa (UBA) Plc, and Founder, The Tony Elumelu Foundation, Mr Tony O. Elumelu, CON, will on Wednesday May 5, 2021, be a guest on ARISE News, a 24 hour international television news channel. Elumelu…
Transcorp acquires Afam Power at N105.3bn
Transcorp Consortium has acquired Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”). According to a statement by the corporation, the acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast…
UBA launches ‘RED Radio’, an online entertainment platform
United Bank for Africa (UBA Plc), has launched its dynamic and creative online radio channel, RED Radio. A statement by the Pan- African financial institution, said RED Radio, powered by UBA, is a lifestyle web platform that has been set…
“TIME 100”: TIME names Tony Elumelu in world’s Most Influential People list 2020
TIME magazine has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world. The list, now in its 17th year, recognises the activism, innovation, and…
UBA announces N5bn COVID-19 relief support across Africa
United Bank for Africa Plc (UBA) today announced a donation of over N5 billion (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus (COVID-19) global pandemic. According to the pan-African bank,…
National Productivity Order of Merit: Tony Elumelu to receive Award from Nigerian government
Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) and Chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of…
Now’s the time to Invest in Africa, African SMEs, Tony Elumelu tells global investors in Paris
Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA) and Heirs Holdings has urged French investors to look to Africa for long term investment opportunities. Elumelu gave the opening address at the…
