Elumelu In Africapitalism.

Elumelu In Africapitalism. Few Africans have talked about pan Africanism and made it happen. And one of such people is Tony Elumelu, the self-appointed champion of AFRICAPITALISM -Afrocentric entrepreneurship aimed at stimulating economic growth towards the elimination of poverty in the continent of Africa. T he banker turned entrepreneur through his HEIRS holding-a diversified conglomerate, has in the past three years been leveraging on his philanthropic platform, Tony Elumelu Foundation, TEF to turn the whole African landscape of 54 countries into a sort of investment tapestry, just like a visual artist paints his vision on canvas. His commitment to spend a jaw-dropping sum of $100m in the next 10 years empowering budding entrepreneurs is so strikingly remarkable that skeptics would have thought that it was a mere gimmick. But as it has turned out, Elumelu is not a politician that may be given to hoaxes. Being a businessman who is fighting a cause, as the youths say in street lingo, Elumelu has been putting his money where his mouth is by consistently training and seeding at least 1,000 entrepreneurs from across the continent with $10,000 each which translates into $10m annually in the past three years. Tony Elumelu is replicating the Africanism initiative via the invitation of 1,000 African entrepreneurs to a gathering and commitment of $100m for the development of entrepreneurial spirit and culture .