BreakingFeaturedTrending Story

Tony Elumelu bags Belgium’s highest national honour

110

 

The Kingdom of Belgium’s highest national honour has been conferred on Africa’s leading investor, philanthropist and UBA Chairman, Tony O. Elumelu.
It is the honorary distinction of Officer in the Order of Leopold in recognition of Elumelu’s commitment to poverty eradication and the economic empowerment of young Africans.
The Ambassador of Belgium to Nigeria,  Mr Daniel Bertrand, presented the royal decoration on Sunday, November 15 – the Belgian King’s Day and a symbolic national day of celebration, at the Belgian House in Abuja, with public and private sector leaders witnessing the ceremony.

Elumelu has been responsible for initiatives creating millions of jobs and employment for young Africans across the continent, through his philanthropy, The Tony Elumelu Foundation (TEF).

The Foundation’s flagship intervention, the TEF Entrepreneurship Programme is a 10-year $100 million commitment to identify, train, mentor, and fund 10,000 young African entrepreneurs across 54 African countries, a statement emailed to Persecondnews said.

Over 9,600 young Africans are current beneficiaries, just six years since its inception.  In addition to its own significant programme, the Foundation partners with institutions such as the United Nations Development Programme (UNDP) and the International Committee of the Red Cross (ICRC), to bring its proven methodology to an even broader universe.
Elumelu believes that youth entrepreneurship has the potential to tackle global challenges such as forced migration, poverty, and hunger.

Elumelu’s concept of “Africapitalism” is redefining national development, making the case for the critical role that the private sector must play in transforming Africa.

His businesses are present in 20 African countries and key international markets with over 30,000 people in employment   His investments span power, financial services, healthcare, energy, technology, hospitality, and real estate.

Leave a comment

Related Articles

Dani Alves pays €1m bail, set to leave Spanish jail

Former Brazil and Barcelona star Dani Alves, convicted of rape in Spain,...

World TB Day: 70 percent of TB cases in Africa now being diagnosed and treated – WHO

The World Health Organization (WHO) has disclosed that about 70 percent of...

13th AAG: Tobi Amusan wins gold in women’s 100m hurdles

The Nigerian sprint star, Tobi Amusan, won gold in the women’s 100m...

FG approves N12.7bln for mass metering of army barracks nationwide

The Federal Government says it has released N12.7 billion to provide electricity...

Women’s Day: Tinubu felicitates women, vows to prioritise their welfare, rights

President Bola Tinubu has promised to prioritize the welfare of women, protect...

All African Games: Nigeria’s Flying Eagles start their campaign on a losing note

The Flying Eagles of Nigeria started their campaign in the men’s football...

EFCC sets up task force to combat dollarization of economy, mutilation of naira

The Economic and Financial Crimes Commission (EFCC) has announced the setting up...

Breaking: Seven days after, abducted Ekiti school children, teachers regain freedom

After seven days in the kidnappers’ den, the abducted students and teachers...

How Bafarawa diverted N4.6bln from ex-NSA for prayers, election, acquire luxury vehicles

A startling revelation has been made about how a former governor of...

CBN redeploys 1,500 staff to Lagos

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff...

AFCON: Pres. Tinubu says unimpressed with Super Eagles’ performance

President Bola Tinubu has expressed his displeasure over the performance of the...

I’ve not met a man kind enough to marry —Ini Edo

In a candid revelation, renowned actress, Ini Edo, has hinted about the...

Ogun CP visits shot Nollywood actor, Ijaduade, vows to punish trigger-happy cop

Nollywood actor and Director, Azeez Ijaduade, who was shot “accidentally” by a...

Breaking: Actor, Azeez Ijaduade, allegedly shot by policeman in Ogun

In a shocking incident that has sent shock waves to Yoruba section...

Fast and furious actor, Vin Diesel, accused of sexual assault

Vin Diesel, known for his role in the Fast & Furious Series,...

Anyone asking for money this festive season lacks conscience, fear God – Comedian AY

Amid Nigeria’s challenging economic downturn, renowned comedian, Ayo Makun, popularly known as...

Octogenarian actor, Dejumo Lewis, dies

Nollywood community was on Friday night thrown into grief as the news...

I’m lucky to have you as my wife, Lateef praises Mo Bimpe on 2nd wedding anniversary

Celebrating their second year wedding anniversary, Nollywood actor, Lateef Adedimeji, has expressed...

Frank Edoho faces backlash for controversial remarks on infidelity

Renowned media personality, Frank Edoho, is under fire after making contentious comments...

Youngi Duu: Portable admits to confrontation, claims disrespectful gesture triggered clash

MThe recent incident involving an alleged physical assault on the emerging music...