NewsExpress advert Yudala banner
Africa promises good investment opportunity, Elumelu tells international businessmen

By News Express on 26/01/2018

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 375

Africa promises good investment opportunity, Elumelu tells international businessmen
Africa promises good investment opportunity, Elumelu tells international businessmen

The Group Chairman of United Bank for Africa (UBA), Mr. Tony Elumelu has stressed the need to change the African narrative, while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This, he says, is paramount if the continent is to take its rightful position as a strong regional player in the international community, owing to its numerous investment opportunities.

Elumelu, who is the Founder of the Tony Elumelu Foundation, said the time had come for governments on the continent to put things in place to ensure that the continent which has great potential, lives up to it; adding that already, there are signals of the greatness all around.

Speaking during Richard Quest’s programme on CNN aired on the sideline of the ongoing World Economic Forum in Davos, Switzerland on Thursday, Elumelu said: “The time has come for us to prioritise our young ones, who are the future of this great continent. These are the men and women who are energetic in Africa and who can perform wonders if the enabling environment is there.

“We need to get it right with infrastructure in Africa and with the macro-economic policies and environment. And the good thing is that things are gradually falling in place. I think Africa promises good investment opportunities, the problem has always been creating the right environment for it, and this should be our major focus.”

He added that in Zimbabwe, for instance, there have been recent concerted efforts by the government and the people to change the narrative, adding: “I am optimistic about what is happening in Africa right now, because our leaders are getting it right and in fact what has happened in Zimbabwe is also an indicator of great things to come. The fact that they on their own decided to sort things out the way they did, is a new kind of democracy that the world needs to learn from.

“There is so much private global capital looking for the right destination, they can go to Zimbabwe as in other African nations, once the right environment is put in place.”

While pointing out that the blame game which previously obtained in the continent should be done away with, Elumelu called for increasing support from the private sector as well as key stakeholders to make Africa and African self-sufficient.

Throwing more light on this, he said: “We can’t keep talking about missed opportunities. What I keep saying to people is to put an end to the blame game. Let’s begin to fix what needs fixing and get things right. Our government should get it right, the private sector should come forward and we need to support the young African entrepreneurs; create economic hope and opportunities for them. 

“We need to think of how to engage Africa in the 21st century because it is no longer about giving grants and aid to Africa, it is more about engaging them in a way that creates self-sufficiency; independence; and reduces the perpetual syndrome of dependence.

Continuing, Elumelu said: “There is promise; it is getting better because the way this year has started in Nigeria for instance, we have seen market indicators showing good promise, so we are optimistic that it will be better year. The key is to prioritise things that are important to us to help the continent to grow.”

•Businessman tycoon Tony Elumelu

 

Source News Express

Posted 26/01/2018 04:36:51 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Africa loses famous novelist, Nobel Prize winner Nadine...

South Africa holds back Pan African Parliament

Okonjo-Iweala opens up on international appointments •How she...

UBA Capital launches Nigeria’s first online trading platform...

Nigeria gets 14 new police commissioners •Their names...

Foreigner arrested over illegal mining in Ogun

Governor Obiano donates salary to the underprivileged

IPOB hails boycott of Enugu LG polls, says...

Accountability is panacea to economic recession: Amosun

FG dialogues with critical stakeholders on implementation of...

PICTURED: Heart-broken Nigerian woman whose terrorist son butchered...

Oshiomhole seeks review of tax law

 

Latest News BREAKING NEWS: Famous Evangelist Billy Graham is dead Northern Senators’ Forum sacks Ex-Governor Adamu as Chairman 94 students reported missing after Boko Haram attack on Government Girls Secondary School in Yobe Nigerian bank investors lose N100bn in 2 days How I almost died after giving birth to my daughter — Serena Williams Protests in Ebonyi as gunmen kill ex-Speaker during political rally N650bn debt: DAPPMA gives FG 14-day ultimatum 10 senators face sanctions over elections order We’ll destroy Tel Aviv and kill Israeli Prime Minister if attacked — Iran Senate condemns drug abuse among Nigerian youths •Asks FG to establish rehabilitation centres across the country RRS smashes 6-man criminal syndicate Okonjo-Iweala appointed into Commonwealth high-level group

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (325,787 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (317,372 views) Shameless Genevieve Nnaji exposes breasts in public (254,024 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (208,431 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,490 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,349 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,908 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,231 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,163 views) Lagos plane crash: Journalist releases victims’ names (129,239 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,774 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,928 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,897) Business Verdict (33) Columnists (803) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (32,998) Opinion (883) Pidgin (10) Politics (4,510) Religion (681) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement