Nigerian tycoon Tony Elumelu’s UBA launches $6-billion initiative to support African SMEs
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
United Bank for Africa Plc, the pan-African financial services group led by Nigerian tycoon Tony Elumelu, has unveiled a $6-billion initiative.
UBA, under the astute guidance of Elumelu, recorded a 437.8-percent surge in its profits in the first half of 2023.
Elumelu, with a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares, ranks as one of the richest investors on the Nigerian Exchange.
Elumelu currently holds a 7.17-percent stake in UBA, or 2,450,603,739 ordinary shares.
Elumelu, a widely respected business executive on the continent, holds a significant 6.9-percent stake in UBA.
Elumelu owns a significant 6.9-percent stake in UBA.
Elumelu is the founder of the Tony Elumelu Foundation and chairman of the United Bank for Africa.
Elumelu owns a significant 6.9-percent stake in UBA.
He emphasized the importance of not only personal success but also giving back to the community.
Elumelu owns a sizable 6.39-percent stake in the financial services group.
The four-year agreement was signed through his Africa-focused non-profit, Tony Elumelu Foundation.
Elumelu owns 6.96 percent of UBA, or 2,380,941,756 ordinary shares.
Elumelu owns a sizable 6.96-percent stake in the banking group, or 2,380,941,756 ordinary shares.
Elumelu owns a sizable 6.39-percent stake in the company.
Elumelu is the founder of Heirs Holdings and Transcorp.
Elumelu believes Nigerians face too many challenges in their daily lives due to government mismanagement.