United Bank for Africa (UBA) chairman, Tony Elumelu, has called for a shared approach to African development, calling it, “the only route to achieving sustainable economic development, political stability and economic prosperity on the African continent.”
This was at a meeting with 15 delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria, which took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.”
In the last five years, the Tunisian economy has struggled following a democratic uprising that ushered in weak growth and economic uncertainty. The conference sought to attract direct investment by assembling global financial leaders and institutions.
Elumelu encouraged youth engagement and pointed to entrepreneurship as the most secure route to sustainable development, saying, “it is imperative for African Leaders to implement growth policies that would see the youths as catalyst to development, thus avoiding the socio-economic crisis as experienced in Tunisia and other countries in Africa in past years.”
He promised to support Tunisia’s economic transformation by investing in young aspiring entrepreneurs through his Tony Elumelu Foundation – the leading philanthropy in Africa championing entrepreneurship and entrepreneurs across the continent as the catalyst for sustainable growth in Africa.
He pledged to help catapult Tunisian entrepreneurs into the next generation of top African business leaders, through the $100 Tony Elumelu Foundation Entrepreneurship Programme.
