African philanthropist and business leader, Chief Tony Elumelu, has advocated a bold rethinking of Africa’s relationship with the world, in which there would be a shift from charity-driven models to one centered on investment, entrepreneurship and equal partnership
Chief Elumelu who spoke at a high-level Africa-Europe summit focused on economic cooperation and sustainable development, insisted: “Africa needs partners, not charity. Our future will not be built by aid, but by investment, partnership and entrepreneurship.”
He stressed that Africans must take the lead in driving their continent’s development, while global partners play supportive and collaborative roles.
“The time has come to redefine the relationship between Africa and the world — one based on dignity, respect and shared prosperity.”
Chief Elumelu, who is the chairman of the United Bank for Africa (UBA), said that Africa’s youthful population, abundant natural resources and growing innovation ecosystem offer immense opportunities for investors seeking sustainable and mutually beneficial growth.
He emphasized the need to empowe small and medium-sized enterprises and young innovators as key to unlocking the continent’s economic potential and achieve inclusive development.
Chief Elumelu, who has consistently championed entrepreneurship as the engine of Africa’s transformation.
The summit brought together policymakers, investors and business leaders from across Africa and Europe to explore ways to deepen trade relations, promote sustainable growth and attract long-term investments.
