{"id":745287,"date":"2019-11-15T14:21:04","date_gmt":"2019-11-15T14:21:04","guid":{"rendered":"https:\/\/ghana-mma.com\/2019\/11\/15\/embrace-africa-beyond-aid-tony-elumelu\/"},"modified":"2019-11-15T14:21:04","modified_gmt":"2019-11-15T14:21:04","slug":"embrace-africa-beyond-aid-tony-elumelu","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/11\/15\/embrace-africa-beyond-aid-tony-elumelu\/","title":{"rendered":"Embrace Africa Beyond Aid &#8211; Tony Elumelu"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>President Akufo-Addo (right) and Tony Elumelu (middle) with another panelist<\/strong><\/p>\n<p>TONY O. Elumelu, Chairman of Heirs Holdings &amp; Founder of<br \/>\nTony Elumelu Foundation, has urged African business and the private sector to<br \/>\nembrace the concept of Africa beyond aid agenda championed by Ghana\u2019s President,<br \/>\nNana Addo Danquah Akufo-Addo.<\/p>\n<p>The high level presidential dialogue brought<br \/>\nparticipants from around the world and African influencers to discuss\u00a0how<br \/>\nAfrica can create wealth to fund African initiatives including trade.<\/p>\n<p>Speaking as part of a high level presidential panel<br \/>\norganized by the UNDP Africa on the theme; Africa\u2019s money for African<br \/>\nDevelopment \u2013 A future beyond aid, Mr. Elumelu noted that, investment in other<br \/>\nareas of African economy like power was a business investment and would<br \/>\ncontribute to the growth of the countries but an investment in young Africans<br \/>\nwould create prosperity for all. The chairman of Heirs Holdings added that the<br \/>\nsuccess of the private sector was success for all as it impacts a larger<br \/>\nsociety. <\/p>\n<p>Mr. Elumelu pointed out that the Africa beyond<br \/>\naid agenda was at the heart of the Africapitalism concept which he continued to<br \/>\nchampion over the last few decades. \u201cWe in the African private sector must wake<br \/>\nup, recognize and embrace our role in driving the economic growth and the<br \/>\nsocial development of Africa and we must act on that responsibility in tangible<br \/>\nways,\u201d he added.<\/p>\n<p>He called on African governments to create the<br \/>\nenabling environment for the private sector to operate. He stressed that the<br \/>\nprivate sector could work together with African governments to create jobs for<br \/>\nthe teeming unemployed youth on the continent which can lead to growth.<\/p>\n<p>President Nana Akufo-Addo noted in his remarks<br \/>\nthat Africa beyond aid was not anti-Europe or America but, Africans must depend<br \/>\non each other in order to accelerate their growth. He further added that every<br \/>\ncountry in its development would welcome foreign investments and therefore<br \/>\nwould not turn away such investments. <\/p>\n<p>\u201cGhana beyond aid is not an initiative to be<br \/>\nhostile to foreign investors. Our continent is the best endowed in the world,<br \/>\nyet we are the most underdeveloped and this will have to change. <\/p>\n<p>\u201cI believe we can make Africa the prosperous<br \/>\nand joyful place it should be. Our young people must see and feel the dividends<br \/>\nof democratic development. Our success story and changed narrative would come<br \/>\nwith building economies that are not dependent on charity and handouts. Africa,<br \/>\nI am confident, will be a wealthy and dynamic member of the global community,<br \/>\nmaking her own unique contribution to the growth of world civilization,\u201d he<br \/>\nconcluded.<\/p>\n<p>Tony Elumelu is the Chairman of UBA Plc, a Pan-African Bank currently<br \/>\noperating in 20 African countries including UBA Ghana. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Akufo-Addo (right) and Tony Elumelu (middle) with another panelist TONY O. Elumelu, Chairman of Heirs Holdings &amp; Founder of Tony Elumelu Foundation, has urged African business and the private sector to embrace the concept of Africa beyond aid agenda championed by Ghana\u2019s President, Nana Addo Danquah Akufo-Addo. The high level presidential dialogue brought participants [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":745288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-745287","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Embrace Africa Beyond Aid - Tony Elumelu - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/11\/15\/embrace-africa-beyond-aid-tony-elumelu\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Embrace Africa Beyond Aid - Tony Elumelu - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"President Akufo-Addo (right) and Tony Elumelu (middle) with another panelist TONY O. Elumelu, Chairman of Heirs Holdings &amp; Founder of Tony Elumelu Foundation, has urged African business and the private sector to embrace the concept of Africa beyond aid agenda championed by Ghana\u2019s President, Nana Addo Danquah Akufo-Addo. 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Elumelu, Chairman of Heirs Holdings &amp; Founder of Tony Elumelu Foundation, has urged African business and the private sector to embrace the concept of Africa beyond aid agenda championed by Ghana\u2019s President, Nana Addo Danquah Akufo-Addo. 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