BizNis Africa 2017 Newsmaker: Tony O Elumelu


Tony O Elumelu is a successful Nigerian entrepreneur and philanthropist.

He is Chairman of Heirs Holdings, founded in 2010, which is a proprietary investment company operating a portfolio of businesses across the African continent in the financial services, real estate and hospitality, oil & gas, power, agribusiness and healthcare sectors.

Elumelu serves as Chairman of Transcorp, a publicly quoted company, and is the Vice Chairman of the National Competitiveness Council of Nigeria.

Tony Elumelu is the originator and leading proponent of the term ‘Africapitalism’.

In 2005, Elumelu spearheaded the acquisition of the United Bank for Africa (UBA). Within five years, the single-country bank was transformed into a pan-African institution with over 7 million customers in 19 African countries, creating one of Africa’s most powerful financial services brands.

Tony Elumelu was recently recognized by Forbes Magazine as one of “Africa’s 20 Most Powerful People in 2012.”

In addition, the New African Magazine featured him in their list of the “100 Most Influential Africans in Business.”

He was recently conferred the title of Commander of the Order of the Niger (CON) by the Nigerian president for his service in promoting private enterprise.


About Author

Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 15 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email:

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