African Exchange Holdings (AFEX), a Pan-African holding company, has signed a Memorandum of Understanding (MOU) with the Federal Ministry of Agriculture, to create a pioneering warehouse receipt system that will enable Nigerian farmers and cooperatives to safely store their produce at accredited warehouses. Submit Cancel Thanks for your feedback!
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Elumelu, FG, Others Sign MOU On National Warehouse Project For Farmers
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Opinion: Getting Paid, Not Aid: A Call to Revamp Aid in Africa
President Clinton has said, “No country can work itself out of poverty with aid alone.” Indeed, throughout Africa, we have seen first-hand how the international community’s traditional approach to solving the continent’s problems through charity and aid has fallen short. Submit Cancel Thanks for your feedback!
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The Real Entrepreneur Unleashed
Tony Elumelu, the whiz kid of a good number of banking boardrooms appears to be living life anew. In fact, it seems like yesterday that this audacious whiz kid banker led the medium-sized Standard Trust Bank into an ambitious merger with United Bank for Africa. This cemented his corporate credentials across the African continent in …
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Africa’s homegrown diplomas can be an asset – Survey
An early 2013 study by the African Management Initiative, a project backed by the Association of African Business Schools (AABS) and the Tony Elumelu Foundation, found that only 13 African business schools are accredited internationally. Submit Cancel Thanks for your feedback!
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Tony Elumelu Foundation Increases Grant For Tech Startups In Nigeria
VENTURES AFRICA – Heirs Holdings Chairman and founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, says his foundation will increase the number of annual grants made available to start-ups who develop local content applications, which solve Africa’s challenges, from 20 to 50. Submit Cancel Thanks for your feedback!
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Tony O. Elumelu Supports The Future Awards Africa Prize for 5 years | Hosts African Young Person of the Year Honourees
In another big move, one of Africa’s most influential entrepreneurs, Tony O. Elumelu (CON) has announced a 5-year endowment (support package) of The Future Africa Awards prizes. Recognized by the World Bank last year as ‘The Nobel Prize for Young Africans‘, The Future Awards Africa, which is in its 8th season, is presented in partnership …
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Kick-starting Africa’s SME sector
Small and medium sized enterprises (SMEs) are essential to growing African employment and GDP. In high-income countries, SMEs represent a high share of economic activity, a large share of employment, and bring informal business activity into the formal economy. Yet, a severe lack of financing is limiting the ability of African SMEs to grow and …
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The New York Times: Powering Africa
<em>After President Obama’s visit to Tanzania, where the Power Africa initiative was launched, the New York Times’ editorial board says his plan to bring electricity to millions of Africans is promising, but the outcome depends on how it is carried out and whether it is sustained.</em> President Obama’s “Power Africa” initiative, unveiled during his recent …
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In Africa, the best ‘charity’ is aid for business
Aid for business in Africa – In this article, which appeared in the Christian Science Monitor, Tony O. Elumelu asserts that the traditional approach to solving Africa’s problems through aid has created a cycle of dependency. A better approach, he says, is to use donor subsidies to fund private, for-profit ventures. Submit Cancel Thanks for …
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Nigerian banker says African billionaires’ ventures must aid poor
African billionaires should step up their giving, but should ensure that their money delivers change to ordinary citizens Submit Cancel Thanks for your feedback!
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