<p>UBA, United Bank for Africa chairman, Tony Elumelu, is among 100 most influential people in the world.</p>



<p>United States TIME made the announcement in its annual 2020’s top influential people in the world.</p>



<p>In Nigeria however, outside Elumelu, UBA chairman, Tomi Adeyemi and Tunji Funsho also made the list.</p>



<p>Tony Elumelu who also chairs <a href="https://openlife.ng/">Transcorp Plc</a> is one of only four Africans on the list. He is one of Africa’s leading investors and philanthropists.</p>



<p>The annual honour, now in its seventeenth year, recognises the activism, innovation and achievement of the world&#8217;s most influential individuals. ;</p>



<p>Elumelu is recognised for young Africans&#8217; empowerment and track record for business turnaround and value creation.</p>



<p><a href="https://openlife.ng/">Tony Elumelu</a> is the Founder and Chairman of <a href="https://www.heirsholdings.com/#_blank" target="_blank" rel="noreferrer noopener">Heirs Holdings</a>, his family owned investment Company.</p>



<p>The Holdings is committed to improving lives and transforming Africa, through long-term investments in strategic sectors of the African economy. These include financial services, hospitality, power, energy and healthcare. ;</p>



<h2 class="wp-block-heading"><strong>UBA Group</strong></h2>



<p>UBA, one of the groups Tony superintends as Chairman, is a top pan-African financial services group. The bank operates ;in 20 countries in Africa, the United Kingdom and France. It is ;the ;only African bank with a commercial deposit taking licence in the United States. UBA provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally.  ;</p>



<p>Elumelu also chairs ;Nigeria’s largest quoted conglomerate, Transcorp. The conglomerate’s subsidiaries include ;<a href="https://transcorppower.com/#_blank" target="_blank" rel="noreferrer noopener">Transcorp Power</a>, leading generators of electricity in Nigeria and ;<a href="https://www.transcorphotels.com/#_blank" target="_blank" rel="noreferrer noopener">Transcorp Hotels Plc</a>, Nigeria’s foremost hospitality brand.</p>



<p>In addition, Mr Elumelu is the most prominent champion of entrepreneurship in Africa. ;In 2010, he created ;<a href="http://tonyelumelufoundation.org/#_blank" target="_blank" rel="noreferrer noopener">The Tony Elumelu Foundation, TEF. T</a>he Foundation ;empowers a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and ensuring job creation ;across all 54 African countries. ;</p>



<p>Since inception, the Foundation has funded just under 10,000 entrepreneurs. It has  ;created a digital ecosystem of over one million as part of its ten year, US$100m commitment through the TEF Entrepreneurship Programme. ;</p>



<p>Self-funded, the Foundation is increasingly sharing its unique ability to identify, train, mentor and fund young entrepreneurs across Africa. UNDP, the ICRC and leading European development agencies and institutions are partners.</p>



<p>Heirs Holdings serves as a corporate role model for African businesses.</p>



<p>Heirs Holdings and TEF will both celebrate 10 years of impact in November. Mr Elumelu’s economic philosophy of <a href="http://tonyelumelufoundation.org/africapitalisminstitute/about-us/what-is-africapitalism/#_blank" target="_blank" rel="noreferrer noopener">Africapitalism</a> continuously inspire their missions It positions the private sector, and importantly entrepreneurs, as the catalyst for the social and economic development of the continent. </p>

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