Like Mr. Elumelu, other top African philanthropists also appear to be changing tactics, focusing on investments in areas likely to accelerate Africa’s prosperity in addition to their interventions in humanitarian crises such as floods.
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African philanthropists push for prosperity
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Applications are now open for the 2014 Elumelu Professionals Programme
Are you an MBA or MPA student passionate about emerging markets? Do you have broad experience in marketing, finance, strategy, or policy analysis? Are you interested in creating lasting impact within a developing economy? The Tony Elumelu Foundation offers a three month engaging internship that may be right for you.
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Heirs Holdings director appointed to Global Impact Investing Network board
Sam Nwanze becomes first African board member Lagos, Nigeria, 25 November 2013 – In a unanimous decision, the board of the Global Impact Investing Network (GIIN), a global non-profit organisation dedicated to increasing the scale and effectiveness of impact investing around the world, has appointed investor Sam Nwanze as its first African member. Nwanze, who is the …
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Africapitalism: Not Just a Private Sector Gain
In last week’s This Day, the respected journalist Kayode Komolafe shone a spotlight on Africapitalism, an economic philosophy that is gaining attention across Africa and in other key centres across the world. It is essentially a call on the private sector to lead Africa ’s development through long-term investments in strategic sectors that can create …
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How Africa’s natural resources can drive industrial revolution
(CNN) — The economic performance of Africa in the last few years has been remarkable. The continent has consistently defied the global trend. Five years after the global financial system came perilously close to collapse, the global economic outlook is still uncertain. In Europe, GDP is still below pre-crisis levels and unemployment is at a …
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Forbes 400 Summit: Tony Elumelu Addresses Africa’s Gravest Issues
The Nigerian [economist and] philanthropist discusses resolving Africa’s dire lack of security, as well as the most commonly held misconceptions of the world’s second-largest continent and its people.
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African Exchange Holdings Delivers on Receipts System
Nigerian warehouse receipts system shows technical superiority in the region ABUJA, NIGERIA, 18 November 2013 – Today, the Nigerian Strategic Grain Reserve (SGR) and Federal Ministry of Agriculture and Rural Development (FMARD) conducted a technical walkthrough of a pioneering electronic warehouse receipt platform deployed by Africa Exchange Holdings (AFEX), which enables Nigerian farmers, cooperatives and …
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EAX concludes first regional trade auction of maize on NASDAQ platform
Kigali, 31 October 2013 – On Thursday, October 31, the recently operational East Africa Exchange (EAX) concluded the first regional trade auction from its Rwanda head office, successfully selling 50 metric tons of maize at 398 USD per metric ton between a Ugandan seller and Rwanda buyer. The auction took EAX one step closer to …
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Philanthropy in a changing world economy
In 2010, leading African businessman Tony Elumelu set up the foundation that bears his name. Africa-based and African-funded, its principal focus is on strengthening the private sector across the continent, as he explains to Caroline Hartnell of Alliance Magazine. [wpfilebase tag=file id=2 tpl=simple /]
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Dedicated Africapitalism platform launches on AllAfrica.com
Lagos, 29 October 2013- AllAfrica.com, the leading source of African news, has added a section to their website that will be dedicated to Africapitalism – an economic philosophy being touted as the solution for Africa’s development. The section will feature opinion, analysis and new perspectives that will stimulate debate around Africapitalism’s premise that the private …
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