Africa delivers unmatched returns, Elumelu tells global investors

Nigerian billionaire entrepreneur and philanthropist, Tony Elumelu, has showcased the African investment opportunity, saying the continent delivers unmatched returns. Speaking at the World Government Summit, Dubai, Elumelu highlighted the 15-year track record of returns and impact created by his investment vehicle, Heirs Holdings. “While my investments span four continents, nowhere matches Africa’s ROI potential,” he […]

Nigerian billionaire entrepreneur and philanthropist, Tony Elumelu, has showcased the African investment opportunity, saying the continent delivers unmatched returns.

Speaking at the World Government Summit, Dubai, Elumelu highlighted the 15-year track record of returns and impact created by his investment vehicle, Heirs Holdings.

“While my investments span four continents, nowhere matches Africa’s ROI potential,” he stated. 

Elumelu emphasised Africa’s enormous demographic potential saying that “60% of Africans are under 25; we have the youngest, most dynamic generation globally.”

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On a high-profile panel titled ‘The New Economic Revolution: An African Perspective’, moderated by CNN anchor Eleni Giokos, Elumelu spoke of Africa’s potential for economic growth, driven by a vibrant private sector and burgeoning youth demographic.

He shared his extensive experience in navigating investment landscapes across four continents. 

“I have investments on four continents, including the Gulf, a diversified investment portfolio in power, oil and gas, financial services, real estate, hospitality and health care. Nowhere does better than Africa,” he said.

Addressing common misconceptions about the challenges faced in Africa, Elumelu reframed these issues as opportunities for investment, particularly in infrastructure development. 

“The challenges we face are opportunities, especially infrastructure, access to electricity, power development on the continent, and transportation.

“This isn’t charity – it’s the smartest capital allocation of our lifetime. The question isn’t if, but how fast you’ll join us,” Elumelu concluded.

The World Government Summit is an annual event in Dubai, United Arab Emirates (UAE), bringing together global leaders to discuss governance and investment opportunities.

Other speakers on the panel session included David Moinina, Chief Minister of the Republic of Sierra Leone, and Akinwumi Adesina, President of the African Development Bank Group, who collectively highlighted the importance of financial inclusion and strategic partnerships in advancing Africa’s development.