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Tony Elumelu
Source: Philanthropy News Digest

Tony Elumelu

The Tony Elumelu Foundation in Lagos, Nigeria, has announced a $100 million initiative to provide training, funding, and mentoring to the next generation of African entrepreneurs.
Following his retirement from United Bank for Africa in July 2010, Elumelu founded The Tony Elumelu Foundation. The Foundation deploy its resources to generate solutions to challenges that inhibit the growth of the African private sector. Through its commitment to catalytic philanthropy, the Tony Elumelu Foundation seeks to achieve its mission by enhancing the capacity of African businesses, supporting and driving policies that promote competitiveness, deploying financial capital through impact investments, and educating public and private sector actors through rigorous research.