Business

Tony Elumelu gets new global appointment

The International Monetary Fund (IMF) has appointed the Nigerian billionaire Tony Elumelu, group chairman of Heirs Holdings, as a member of its advisory council on entrepreneurship and growth.

Tony-Elumelu, Founder-of-Heirs-Holding. Credit: TEF

Global

The International Monetary Fund (IMF) has appointed the Nigerian billionaire Tony Elumelu, group chairman of Heirs Holdings, as a member of its advisory council on entrepreneurship and growth.

The appointment was convened by IMF managing director, Kristalina Georgieva in a statement on Friday.

The advisory council is made up of global business sector leaders, policymakers, and academics, to champion the identification and proferring solutions to regulatory barriers that hampers entrepreneurship globally.

Amongst other responsibilities, the council will provide recommendations to improve policies in resource allocation, stimulate innovation, and catalyse sustainable private sector-led economic growth.

The IMF statement said “Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as the engine for the economic transformation of Africa.

“A self-made entrepreneur, Elumelu’s embracing of entrepreneurship is fundamental to his concept of Africapitalism, his belief that Africa’s private sector can and must play a leading role in the continent’s development, making long-term investments, that deliver social and economic value.

“Elumelu will be instrumental in ensuring that Africa’s entrepreneurial potential is central to global economic policymaking.”

Other eminent members of the council include Ufuk Akcigit, Harberger professor of economics at the University of Chicago; Reema Bandar Al-Saud, Saudi ambassador to the United States; Marc Benioff, chair, CEO, and co-founder of Salesforce; and Ana Botín, executive chair at Banco Santander.

Natarajan Chandrasekaran, chairman of Tata Group; Margherita Della Valle, chief executive of Vodafone Group; Robert Smith, founder, chairman and CEO of Vista Equity Partners, and Federico Sturzenegger, Argentine minister of deregulation and state transformation are also members of the council.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Business

Tony Elumelu, chairman of the Transcorp Group, says the company has grown its combined market capitalisation to N4.4 trillion in the 2023 financial year.

Uncategorized

The International Monetary Fund (IMF) has put up a recommendation of completely phasing out electricity subsidy to President Bola Tinubu-led administration.

Climate

Tony Elumelu, Nigerian entrepreneur and chairman of Heirs Holdings, will join King Charles III and the President of the US, Joe Biden at the...

Finance

The International Monetary Fund (IMF) has approved a $3bn three-year loan facility for Ghana.

Anti-corruption

The International Monetary Fund (IMF), says government Ministries, Departments and Agencies (MDAs) in Nigeria need to address issues that lead to pervasive corruption and...

Africa

The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8 million to support venture capital investments in...

Copyright © 2025 DailyAgent, All Rights Reserved.

Exit mobile version