TONY ELUMELU: CHANGING AFRICA THROUGH DEALS & GIVING BACK

Through his Heirs Holdings, one of Africa’s most important business conglomerates, Tony Elumelu continues to invest in some of the key sectors in Africa, including banking, hospitality, power, oils and gas and more – while building the capacity of Africa’s next wave of entrepreneurs. Tony Elumelu is an African economist, entrepreneur, and philanthropist. He is one of Africa’s billionaires, having joined the exclusive list in 2014. He is the Chairman of United Bank for Africa, one of the largest financial services groups on the African continent with more than 18…

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Tony Elumelu’s insurance companies receive operational licenses along five others

NIGERIA – Heirs Insurance Limited (General) and Heirs Life Assurance Limited, insurance companies chaired by Nigerian business mogul Tony Elumelu, are among to six new insurance firms and one reinsurer that were issued operational licenses by the National Insurance Commission (NAICOM). This was disclosed by the NAICOM boss, Mr. Sunday Thomas, while handing over operational licenses to the five firms at the NAICOM Head Office in Abuja. The other firms include Stanbic IBTC Insurance Limited, Enterprise Life Assurance Company Nigeria Limited, and FBS Reinsurance Limited, Salam Takaful, and Cornerstone Insurance…

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UBA launches new lifestyle web platform, RED Radio to educate, entertain users

NIGERIA – Pan- African financial institution, United Bank for Africa, (UBA Plc), has launched a new dynamic and creative Online Radio channel – RED Radio to educate and entertain users. The online radio was launched with an exclusive interview featuring UBA’s Brand Ambassador and star boy, Wizkid. During the interview, Wizkid he spoke extensively about his upcoming album and what his fans should expect from him in the coming weeks. The launch of RED Radio, follows the successful unveiling of REDTV by UBA back in 2015. The station was started…

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Nigerian investor/ philanthropist Tony Elumelu among Times 100 Most Influential People in 2020

AFRICA – Time, an American leading magazine has named Tony O. Elumelu, a leading investor and philanthropists, one of the top 100 most influential people in the world in 2020. Elumelu appeared in the 2020 TIME100, the annual list of the 100 most influential people in the world alongside two other Nigerians, Dr. Tunji Funsho and Tomi Adeyemi. The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals. Mr Elumelu, who is one of only four Africans on the 2020 list,…

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UBA deploys US$14m to combat COVID-19 pandemic in 20 African countries

NIGERIA – United Bank for Africa Plc (UBA) announced it was deploying US$14 million (N5 billion) through the UBA Foundation to combat COVID-19 in 20 African countries. The Bank said the donation will provide significant and much needed support to Nigeria and 19 other African countries by supplying relief materials, critical care facilities, and financial support to governments. “This is a time when we must all play our part. This global epidemic must bring citizens, governments and business leaders together – and quickly,” said UBA Group Chairman Tony O. Elumelu.…

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