IMF Appoints Serial Entrepreneur Tony Elumelu To Advisory Council On Entrepreneurship And Growth

Heirs Holdings Founder and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva.

Mr. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, champions entrepreneurship as the engine for the economic transformation of Africa. A self-made entrepreneur, Elumelu’s embracing of entrepreneurship is fundamental to his concept of Africapitalism, his belief that Africa’s private sector can and must play a leading role in the continent’s development, making long-term investments, that deliver social and economic value.

Mr Elumelu said “I am honoured to receive the invitation of Kristalina Georgieva to join the IMF’s Advisory Council on Entrepreneurship and Growth.

As an entrepreneur, a builder of businesses and a champion of entrepreneurship, I know the transforming power of entrepreneurship. In 11 years, the Tony Elumelu Foundation has empowered over 25,000 Africans; created 1.5 million jobs; generated $4.2 billion in revenue; and lifted over 2 million Africans lifted out of poverty. HH Group portfolio companies now employ over 40,000 people and operate in 24 countries on 4 continents. Businesses that do well and do good will transform our world.
I look forward to showing sharing our experience and lessons, with distinguished colleagues on the Committee.”