Africa needs investment, not aid — Elumelu

Punch Nigeria · Christabel Ndoeche · 2026-11-06 11:22 UTC

Founder of the Tony Elumelu Foundation, Tony Elumelu, has said Africa needs investment and trade, not aid, to drive its development and unlock the continent’s economic potential.

Founder of the Tony Elumelu Foundation, Tony Elumelu, has said Africa needs investment and trade, not aid, to drive its development and unlock the continent’s economic potential.

He explained that Africa’s biggest challenge is not a shortage of entrepreneurial talent but inadequate capital to support businesses and unlock the continent’s economic potential.

Elumelu stated this on Friday while speaking at the second day of the 25th annual conference of Women in Management, Business and Public Service, held at Eko Hotels and Suites, Victoria Island, Lagos.

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