The Nigerian [economist and] philanthropist discusses resolving Africa’s dire lack of security, as well as the most commonly held misconceptions of the world’s second-largest continent and its people.
Tony O. Elumelu, CON, speaks to CNN’s Jill Dougherty about his intentions to transform electricity shortage in Africa, empower young entrepreneurs, and how his upbringing prepared him for success.
Tony O. Elumelu, CON, discusses investing in Africa’s energy sector with Bloomberg’s Trish Regan (October 10, 2013).
Lagos, Nigeria, 28 August 2013 – Tony O Elumelu’s pan-African investment vehicle, Heirs Holdings, today announced a substantial investment in Seadrill Mobil Units (Nigeria) Limited, an affiliate of one of the world’s leading offshore deepwater drilling companies, Seadrill. Elumelu has been appointed as chairman of the Board of Seadrill Mobil Units.
Lagos, Nigeria, 26 August 2013 – President Barack Obama’s $7 billion US-backed Power Africa initiative has received a major shot in the arm with the announcement that full financing has been completed for the $300 million Ughelli power plant in Delta State, Nigeria by Transcorp Plc, the publicly quoted conglomerate managed by Tony Elumelu’s Heirs Holdings, the pan-African proprietary investment company which is Transcorp’s largest shareholder.