Nigeria: Elumelu mobilizes global leaders for climate action in Africa

By InstinctBusiness Dec 5, 20230

Founder of the Tony Elumelu Foundation and Chairman of United Bank for Africa Plc, Tony Elumelu, brings together global leaders at COP28 in Dubai for discussions on climate action in Africa.

At the COP28 event in Dubai, Tony Elumelu seizes the opportunity to garner commitments from influential entities like the World Trade Organisation, World Bank, UNDP, Government of Sweden, IFC, US State Department, and others. The focus is on empowering Africa’s youth to lead in climate resilience efforts.

At a series of events across COP28, Elumelu delivered a single message to world leaders: Africa needs to be heard, Africa’s future is the world’s future and the continent that is most impacted by and the least contributor to climate change, needs our attention.

With African youth set to make up one third of global population later this century, the future of Africa’s youth, entrepreneurial, ambitious, resilient, needs to be given the highest priority.

He offered the infrastructure and experience of his own Foundation’s 10 year $100 million entrepreneurship programme to partners, to catalyse a further generation of African entrepreneurs; entrepreneurs who can address climate change and drive the broader wealth creation that Africa requires.

Tony Elumelu’s strategy of sector-agnostic seed funding, coupled with mentoring and networking, has yielded significant impact by reaching and funding young entrepreneurs across every African country.

Through the Tony Elumelu Foundation, he has empowered numerous green entrepreneurs, contributing significantly to shaping a more sustainable future for Africa.

The Tony Elumelu Foundation, in partnership with the United Bank for Africa (UBA), hosted a high-level session, bringing together Africans, and key players in the Gulf, Europe, and Americas, where UBA operates. The gathering underscores the urgent need for innovative approaches to climate adaptation and mitigation, while fostering sustainable development, and bringing attention to Africa’s unique position.