UBA Chairman, Tony Elumelu, makes “TIME 100” most influential people in the world 2020

&NewLine;<p class&equals;"wp-block-paragraph">UBA&comma; United Bank for Africa chairman&comma; Tony Elumelu&comma; is among 100 most influential people in the world&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">United States TIME made the announcement in its annual 2020’s top influential people in the world&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">In Nigeria however&comma; outside Elumelu&comma; UBA chairman&comma; Tomi Adeyemi and Tunji Funsho also made the list&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Tony Elumelu who also chairs <a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">Transcorp Plc<&sol;a> is one of only four Africans on the list&period; He is one of Africa’s leading investors and philanthropists&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The annual honour&comma; now in its seventeenth year&comma; recognises the activism&comma; innovation and achievement of the world&&num;8217&semi;s most influential individuals&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Elumelu is recognised for young Africans&&num;8217&semi; empowerment and track record for business turnaround and value creation&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph"><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">Tony Elumelu<&sol;a> is the Founder and Chairman of <a href&equals;"https&colon;&sol;&sol;www&period;heirsholdings&period;com&sol;&num;&lowbar;blank" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Heirs Holdings<&sol;a>&comma; his family owned investment Company&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">The Holdings is committed to improving lives and transforming Africa&comma; through long-term investments in strategic sectors of the African economy&period; These include financial services&comma; hospitality&comma; power&comma; energy and healthcare&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<h2 class&equals;"wp-block-heading"><strong>UBA Group<&sol;strong><&sol;h2>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">UBA&comma; one of the groups Tony superintends as Chairman&comma; is a top pan-African financial services group&period; The bank operates&nbsp&semi;in 20 countries in Africa&comma; the United Kingdom and France&period; It is&nbsp&semi;the&nbsp&semi;only African bank with a commercial deposit taking licence in the United States&period; UBA provides corporate&comma; commercial&comma; SME and consumer banking services to more than 21 million customers globally&period; &nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Elumelu also chairs&nbsp&semi;Nigeria’s largest quoted conglomerate&comma; Transcorp&period; The conglomerate’s subsidiaries include&nbsp&semi;<a href&equals;"https&colon;&sol;&sol;transcorppower&period;com&sol;&num;&lowbar;blank" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Transcorp Power<&sol;a>&comma; leading generators of electricity in Nigeria and&nbsp&semi;<a href&equals;"https&colon;&sol;&sol;www&period;transcorphotels&period;com&sol;&num;&lowbar;blank" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Transcorp Hotels Plc<&sol;a>&comma; Nigeria’s foremost hospitality brand&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">In addition&comma; Mr Elumelu is the most prominent champion of entrepreneurship in Africa&period;&nbsp&semi;In 2010&comma; he created&nbsp&semi;<a href&equals;"http&colon;&sol;&sol;tonyelumelufoundation&period;org&sol;&num;&lowbar;blank" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">The Tony Elumelu Foundation&comma; TEF&period; T<&sol;a>he Foundation&nbsp&semi;empowers a new generation of African entrepreneurs&comma; catalysing economic growth&comma; driving poverty eradication and ensuring job creation&nbsp&semi;across all 54 African countries&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Since inception&comma; the Foundation has funded just under 10&comma;000 entrepreneurs&period; It has &nbsp&semi;created a digital ecosystem of over one million as part of its ten year&comma; US&dollar;100m commitment through the TEF Entrepreneurship Programme&period;&nbsp&semi;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Self-funded&comma; the Foundation is increasingly sharing its unique ability to identify&comma; train&comma; mentor and fund young entrepreneurs across Africa&period; UNDP&comma; the ICRC and leading European development agencies and institutions are partners&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Heirs Holdings serves as a corporate role model for African businesses&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p class&equals;"wp-block-paragraph">Heirs Holdings and TEF will both celebrate 10 years of impact in November&period; Mr Elumelu’s economic philosophy of <a href&equals;"http&colon;&sol;&sol;tonyelumelufoundation&period;org&sol;africapitalisminstitute&sol;about-us&sol;what-is-africapitalism&sol;&num;&lowbar;blank" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">Africapitalism<&sol;a> continuously inspire their missions It positions the private sector&comma; and importantly entrepreneurs&comma; as the catalyst for the social and economic development of the continent&period; <&sol;p>&NewLine;