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Tag Archives: Tony Elumelu

Heirs Holdings acquires 45% of OML 17 from Shell; Total; ENI

HEIRS Holdings (HH), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (Transcorp), announced the unconditional acquisition of a 45% participating interest in Nigerian oil license OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, …

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Transcorp acquires Afam Power for N105.3bn, set to increase electricity access in Nigeria

TRANSCORP Consortium has announced the 100% acquisition of the 966MW installed capacity Afam Power Plc and Afam Three Fast Power Limited (jointly referred to as “Afam GenCo”), at an acquisition cost of N105.3bn. The announcement was made at the State House, Abuja on Thursday, November 5, 2020, during the signing ceremony between the Federal Government, represented by His Excellency, the …

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UBA Group announces appointment of Deputy Managing Directors for Nigeria, Africa

UNITED Bank for Africa Plc (UBA), the leading pan-African financial services group, has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the growth of UBA’s pan-African business, now representing …

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Post Covid19: Leaders call for global co-operation to stem global depression at UBA Africa Day Conversations

GLOBAL leaders have emphasized the need for meaningful collaborations between governments and the private sector as a panacea for the quick economic recovery of the African continent post Covid-19. The leaders at the second edition of United Bank for Africa (UBA) African Day Conversations titled Growth, Jobs and Sustainable Development Amidst a Global Pandemic brainstormed over ideas that would help …

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Giving women a voice: The Tony Elumelu modus operandi

By Lanre Alfred IT is often more convenient to possess the ashes of great men than to possess the men themselves in their lifetime. But in Tony Elumelu’s case, the reality is remarkably different; Nigeria is extremely lucky to possess Elumelu. This is because the maverick banker elevates fiscal management and entrepreneurship to an art form, for the benefit of …

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Tony Elumelu Foundation opens applications for TEF Entrepreneurship Programme, January 1, 2020

TONY Elumelu Foundation (TEF) will begin accepting applications for the 2020 cohort of the TEF Entrepreneurship Programme, on January 1, 2020. The Programme is a 10-year, $100 million commitment to identify, train, mentor and fund 10,000 young African entrepreneurs.  The goal is to create millions of jobs and the revenue required for the sustainable development of the continent, implementing the …

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Elumelu advises Cape Verdean entrepreneurs to imbibe hard work, discipline, sacrifice

AFRICAN investor and philanthropist, founder of the Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa (UBA), Tony O. Elumelu has charged entrepreneurs to embrace hard work, discipline and sacrifice on their entrepreneurial journey to success. Addressing young Cape Verdean entrepreneurs  at the Youth Konnekt yesterday  in a Forum themed “African Youth: Foresight and Opportunities”, where he shared nuggets …

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Elumelu’s Business Tips : Luck plays a vital role in business success

IN business the role luck plays in success and personal achievement is rarely discussed. If luck is mentioned, it is done with slight condescension, and usually dismissed as a product of hard work, not deserving significant attention. While hard work is paramount – and I have written extensively about the importance of working hard – history and my own experiences …

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