Heirs Holdings Founder and Group Chairman Champions Africapitalism as the Key to Africa’s Development

In Oslo last week, our Founder and Group Chairman, Tony O. Elumelu, CFR, joined Nordic investors and business leaders at the 14th Nordic–African Business Summit, organised by the Norwegian-African Business Association (NABA) in partnership with Norfund, the Africa Finance Corporation, and the Norwegian Ministry of Foreign Affairs.

During a fireside chat moderated by David Pilling, Africa Editor, Financial Times, Mr. Elumelu spotlighted Africapitalism — the belief that Africa’s private sector must lead the continent’s development through long-term, responsible investment.

He called on Nordic investors to view Africa as the next frontier for investment, emphasising the shared vision between both regions to build long-term growth.

“You make your money in Africa; invest in Africa. Create jobs on the continent. Help to provide the infrastructure that we need.” — Tony O. Elumelu, CFR

Watch highlights from the session below.