Founder of Tony Elumelu Foundation seeks policies to entice private sector investments

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Tony Elumelu, founder of Tony Elumelu Foundation and Chairman of Heirs Holdings, while speaking at a plenary discussion at the Africa Investment Forum in South Africa, called on African leaders to develop policies to attract private sector investments.

Elumelu spoke to private sector captains, global investment leaders and key players in Africa’s development sector at the Forum, which was titled “Championing Investments in Africa – Conversations with the private sector”.

To map out a blueprint to attract and retain private global capital, the event, which was organised by the African Development Bank, featured robust and interactive conversations on the investment landscape of Africa, with a view to articulate fresh strategies that will strengthen the economic framework of the continent.

According to a statement, the conversation came on the heels of the recently concluded Tony Elumelu Foundation Entrepreneurship Forum,  the largest gathering of African entrepreneurs. At the Entrepreneurship Forum, Elumelu shared his broad business insight in an interactive session with President Nana Akufo-Addo of Ghana and President Uhuru Kenyatta of Kenya.

The Prime Minister of Rwanda, Edouard Ngirente; the Prime Minister of Cameroon, Philemon Yang; President Sahle-Work Zewde of Ethiopia and President Macky Sall of Senegal were all present at the African Investment Forum plenary session with Elumelu.

Addressing the importance of creating an enabling environment to attract foreign investments, Elumelu revealed that “beyond signing deals, we need to make sure our deals work. Our leaders need to go back and reform our policies and economic framework”.


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