Elumelu: Africa is Land of Opportunity
Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa Group Chairman, Mr. Tony Elumelu insists that now is the time to invest in countries in Africa.
In 1997, Elumelu led a small group of investors to take over a small, financially distressed commercial bank, Just a few years later, the bank became a top-five financial services provider in Nigeria and would eventually merge with UBA, according to Forbes. “Today there’s more market stability than ever before and there’s a willingness and realization by African leaders that capital will come to where it’s welcome. So they’re trying to make an enabling environment in their markets and in their countries to attract foreign investments,” Time Magazine quoted Elumelu to have said.
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