Elumelu seeks $2.5b Japanese investment for Africa

Chairman, Heirs Holdings, Tony Elumelu, has asked Japan to invest $2.5 billion representing five per cent of its $50 billion commitment to Africa.

Elumelu, African investor and philanthropist, spoke at the seventh Tokyo International Conference on African Development in Yokohama, Japan. “At TICAD 2016 in Kenya, Japan pledged $30 billion for Africa. This year you have generously increased this to $50 billion.

He urged Japan to learn from the example of the Tony Elumelu Foundation, which champions empowering African entrepreneurs, as the most sustainable means of accelerating the development of Africa. The Tony Elumelu Foundation, in just five years has assisted over 7,500 African entrepreneurs across every African countries, with seed capital, capacity building, mentorship and networking opportunities through its $100 million Entrepreneurship Programme.

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