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Elumelu seeks PPP to drive Africa’s economic growth

Elumelu seeks PPP to drive Africa’s economic growth

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Founder of the Tony Elumelu Foundation (TEF) Tony Elumelu has emphasised the need for public-private sector partnership (PPP) to drive sustainable development.

Elumelu, who is also the Chairman of Heirs Holdings and United Bank for Africa, spoke at the inaugural Africa Now Conference in Kampala.

Speaking on the theme: “The Leadership Needed to Catalyse Africa’s Transformation”, he offered a robust and direct message to African leaders from the public and private sectors.

“The leaders we need in Africa today, are leaders who genuinely care about humanity.  We need leaders who are driven by an ambition to leave society better than they met it.  We need leaders who understand and care about creating a positive legacy.  We need leaders who are genuinely committed and care about the future of Africa,” he said.

Hosted by the President of Uganda, Yoweri Kaguta Museveni, the Africa Now Conference, an initiative of the Africa Strategic Leadership Centre, gathered Heads of State, public and private sector leaders to discuss and develop growth opportunities for the continent.

In his speech, President Museveni outlined key enablers required to empower the African people and transform the continent.

“With independence, although a lot of time was lost with military governments engaged in primitive fascism, nevertheless, many African governments have correctly identified two crucial stimuli that can catalyse social transformation.  These are education and health for all (human resource development) and private sector-led growth”.

Speaking on the concept of shared prosperity, Elumelu stated that the Tony Elumelu Foundation’s Entrepreneurship Programme was a robust mechanism to empower Africa’s entrepreneurs, with the goal of delivering efficiently and effectively wealth creation directly into local communities.

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