Embracing Afri-Capitalism: Path To Sustainable Development And Economic Empowerment

Africa stands at a crossroads – a continent beaming with potential, innovation, and promise. As we navigate the complexities of the global landscape, we must chart a course towards sustainable development, inclusive growth, and shared prosperity.
At the forefront of this transformative journey is the philosophy of Africapitalism—a bold and visionary approach to economic empowerment, driven by the belief that the private sector has a pivotal role to play in advancing Africa’s development agenda.
I am deeply committed to harnessing the power of strategic partnerships, innovative solutions, and inclusive policies to drive sustainable development across the continent. We are working to unlock Africa’s vast potential and empower its people to thrive and prosper.
At the forefront of this transformative journey are three critical themes that demand our urgent attention and collective action:
Entrepreneurship and Job Creation for Global Food Security:
The role of entrepreneurship in fostering global food security cannot be overstated. As we grapple with the challenges of food insecurity and hunger, entrepreneurship emerges as a powerful tool for innovation, resilience, and sustainable agricultural practices. Through initiatives like the Tony Elumelu Foundation (TEF), we remain committed to empowering African entrepreneurs to drive agricultural innovation, create jobs, and enhance food security across the continent.
Economic Empowerment of Africa’s Youth to Address Migration Challenges:
Africa’s youth represent a demographic dividend and a catalyst for economic growth and prosperity. By investing in the economic empowerment of Africa’s youth through entrepreneurship, skills development, and access to finance, we can unlock their potential as agents of change, address migration challenges, and create meaningful employment opportunities.
Private-Public Partnerships for Access to Healthcare and Innovation:
Access to quality healthcare is a fundamental human right and a cornerstone of sustainable development. Yet, millions of people around the world lack access to essential health services, medicines, and vaccines. Through private-public partnerships, we can democratize access to healthcare, foster innovation, and improve the quality of life globally. The United Bank for Africa (UBA) stands ready, as always, to collaborate with foundations to drive innovation in healthcare delivery, promote preventive healthcare measures, and build resilient health systems that leave no one behind.
As global leaders gathered to attend the Health Leaders’ Forum in Abu Dhabi, the G7 Forum in Rome, as well a networking reception held in honor of the Executive Director of the World Food Programme, Cindy McCain, in May, I reaffirmed my commitment to driving sustainable development, fostering entrepreneurship, and building resilient communities. Together, we can harness the power of entrepreneurship, economic empowerment, and private-public partnerships to create a more prosperous, equitable, and sustainable world for all.
By mobilizing the potential of renewable energy, investing in clean technology, and fostering cross-sectoral collaboration, we can drive economic transformation, mitigate climate change, and build a more prosperous and resilient future for generations to come. As Africa’s leading financial institution, UBA is spearheading efforts to channel capital and expertise to support the shift to a low-carbon economy, ensuring that Africa remains a key player in the global renewable energy sector.
In conclusion, Africapitalism is not just a philosophy—it’s a call to action, a blueprint for transformative change, and a vision for a prosperous and equitable Africa. As a global leader and advocate for sustainable development, I am committed to driving Africa’s transformational agenda through strategic partnerships, innovative solutions, and inclusive growth. Together, let us build a future where every African has the opportunity to thrive and succeed.
Read Also: Tony Elumelu Throws His Weight Behind Enhancing Africa’s Healthcare
Tony O. Elumelu CFR, Founder, Tony Elumelu Foundation; Chairman, UBA Group
About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
- January 2025 (118)
- February 2025 (78)
- January 2024 (238)
- February 2024 (227)
- March 2024 (190)
- April 2024 (133)
- May 2024 (157)
- June 2024 (145)
- July 2024 (136)
- August 2024 (154)
- September 2024 (212)
- October 2024 (255)
- November 2024 (196)
- December 2024 (143)
- January 2023 (182)
- February 2023 (203)
- March 2023 (322)
- April 2023 (298)
- May 2023 (268)
- June 2023 (214)
- July 2023 (212)
- August 2023 (257)
- September 2023 (237)
- October 2023 (264)
- November 2023 (286)
- December 2023 (177)
- January 2022 (293)
- February 2022 (329)
- March 2022 (358)
- April 2022 (292)
- May 2022 (271)
- June 2022 (232)
- July 2022 (278)
- August 2022 (253)
- September 2022 (246)
- October 2022 (196)
- November 2022 (232)
- December 2022 (167)
- January 2021 (182)
- February 2021 (227)
- March 2021 (325)
- April 2021 (259)
- May 2021 (285)
- June 2021 (272)
- July 2021 (277)
- August 2021 (232)
- September 2021 (271)
- October 2021 (304)
- November 2021 (364)
- December 2021 (249)
- January 2020 (272)
- February 2020 (310)
- March 2020 (390)
- April 2020 (321)
- May 2020 (335)
- June 2020 (327)
- July 2020 (333)
- August 2020 (276)
- September 2020 (214)
- October 2020 (233)
- November 2020 (242)
- December 2020 (187)
- January 2019 (251)
- February 2019 (215)
- March 2019 (283)
- April 2019 (254)
- May 2019 (269)
- June 2019 (249)
- July 2019 (335)
- August 2019 (293)
- September 2019 (306)
- October 2019 (313)
- November 2019 (362)
- December 2019 (318)
- January 2018 (291)
- February 2018 (213)
- March 2018 (275)
- April 2018 (223)
- May 2018 (235)
- June 2018 (176)
- July 2018 (256)
- August 2018 (247)
- September 2018 (255)
- October 2018 (282)
- November 2018 (282)
- December 2018 (184)
- January 2017 (183)
- February 2017 (194)
- March 2017 (207)
- April 2017 (104)
- May 2017 (169)
- June 2017 (205)
- July 2017 (189)
- August 2017 (195)
- September 2017 (186)
- October 2017 (235)
- November 2017 (253)
- December 2017 (266)
- January 2016 (164)
- February 2016 (165)
- March 2016 (189)
- April 2016 (143)
- May 2016 (245)
- June 2016 (182)
- July 2016 (271)
- August 2016 (247)
- September 2016 (233)
- October 2016 (191)
- November 2016 (243)
- December 2016 (153)
- January 2015 (1)
- February 2015 (4)
- March 2015 (164)
- April 2015 (107)
- May 2015 (116)
- June 2015 (119)
- July 2015 (145)
- August 2015 (157)
- September 2015 (186)
- October 2015 (169)
- November 2015 (173)
- December 2015 (205)
- March 2014 (2)
- March 2013 (10)
- June 2013 (1)
- March 2012 (7)
- April 2012 (15)
- May 2012 (1)
- July 2012 (1)
- August 2012 (4)
- October 2012 (2)
- November 2012 (2)
- December 2012 (1)