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Tony Elumelu, the Founder of the Tony Elumelu Foundation, has urged African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries in order to drive industrialisation and wealth creation.

What Tony Elumelu told African, Caribbean and Pacific Presidents in Nairobi

Africa

Tony Elumelu, the Founder of the Tony Elumelu Foundation, has urged African, Caribbean and Pacific (ACP) Heads of State to improve the business environment in their countries in order to drive industrialisation and wealth creation.

Elumelu who is also the Chairman of the United Bank for Africa and Heirs Holdings said this whilst presenting the keynote speech on the theme “Industrialisation and Private Sector Engagement for Economic Transformation of ACP States” at the Presidential Dialogue of the 9th ACP Business Summit in Nairobi, Kenya. 

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Elumelu stated that industrialisation will not be achieved without support for Small and Medium scale Enterprises (SMEs) and improved access to electricity.

“We cannot hope to industrialise if we do not fix the issue of power. If our entrepreneurs are spending so much of their resources to power their businesses, how …