The Tony Elumelu Foundation will host a plenary session on the sidelines of FII focused on youth entrepreneurship and its critical role in creating shared prosperity on the continent.

As the advocate of Africapitalism, Mr. Elumelu has long championed entrepreneurship as key to accelerating economic growth across Africa, leveraging his presence at FII to highlight the continent’s vast investment opportunities.

Elumelu said: “The relationship between Africa and the Gulf has evolved to be a thriving economic partnership, driving growth across both regions. I am proud to co-chair the New Africa Summit at FII, where we will explore mutually beneficial investment opportunities between Africa and the Gulf and highlight the key role entrepreneurship plays in transforming visions into ventures. Together, Africa and the Gulf are building a legacy of shared prosperity for a better tomorrow.”

Nigeria-born Tony Elumelu, whom Time recognized as one of the world’s most influential people in 2020, is one of Africa’s most respected entrepreneurs, businessmen, and philanthropists.

He serves as Chairman of family-owned leading investment company, Heirs Holdings and of United Bank for Africa (UBA), a global bank with presence across four continents, originating from sub-Saharan Africa.

Named one of the 50 wealthiest Africans by Forbes, Mr. Elumelu has given $100 million of his fortune to 20,000 entrepreneurs across 54 African countries through the Tony Elumelu Foundation (TEF), which he is the founder.