Tony Elumelu Joins President Obama at the White House to Champion an Entrepreneur-led Development Model for Africa

    Penny Pritzker, US Commerce Secretary, Tony Elumelu, Founder, Tony Elumelu Foundation,
Antonio Gracias, Founder and CEO, Valor Equity and Julie Hanna, Founder and CEO, Kiva during the  event 

African businessman and philanthropist, Tony O. Elumelu has proposed a new entrepreneur-led development model for Africa at two high profile events in Washington DC. 

                                                                     

Mr. Elumelu, who is Chairman of United Bank for Africa, and Founder, the Tony Elumelu Foundation, spoke at a White House event hosted by United States President Barack Obama on May 11 to celebrate emerging entrepreneurs around the globe. The  event was a prelude to Obama’s scheduled trip to Kenya this summer for the Global Entrepreneurship Summit. 

 

During remarks to announce the Summit and his plans to participate, President Obama thanked the global coalition of entrepreneurship organizations that collaborated with his administration to launch the Spark campaign for global entrepreneurship, a campaign in which the Tony Elumelu Foundation is a founding member.   The President went on to say to the entrepreneurs present, "Entrepreneurship empowers people to no longer be subject to aid agencies, but to be part of something to pursue their dreams.  Entrepreneurs like you can change the world one idea at a time."

 

Dismissed Transcorp staff recants, commends management for swift intervention

An ex-staff of Transcorp Hilton Hotel, Mohammed Khalid Yakubu, who last Wednesday accused the Management of the hotel of wrongful termination of his appointment based on his political affiliation, has withdrawn the accusation.

Yakubu has, instead, commended the Management of the hotel for the steps taken to address his issue, saying he has discovered that contrary to his earlier view, the termination of his appointment had nothing to do with his political views or affiliation.

A statement, signed and issued by Mohammed Khalid Yakubu on Friday, particularly commended the chairman of Transnational Corporation, Mr Tony Elumelu for his prompt intervention.

Mr Elumelu, had upon hearing of the matter on Wednesday, demanded that Yakubu be reinstated immediately and his termination reviewed.