Africa delivers unmatched returns, Elumelu tells global investors

Investor and philanthropist, Mr. Tony O. Elumelu, has described Africa’s return on investment (RoI) as huge and unmatched globally.

Speaking during a panel discussion titled “The New Economic Revolution”, at the World Government Summit, Dubai, said Africa’s potential for economic growth is driven by a vibrant private sector and burgeoning youth demographic.

“While my investments span four continents, nowhere matches Africa’s ROI potential,” he said.

Elumelu, who was showcasing the continent’s investment opportunities, emphasised Africa’s enormous demographic potential stating that “60% of Africans are under 25, we have the youngest, most dynamic generation globally.”

Elumelu highlighted the 15-year track record of returns and impact created by his investment vehicle, Heirs Holdings.

The Heir Holdings boss invests in strategic sectors that offer high returns but also drive Africa’s economic renaissance.

Accordingly, his investments are driven by his Africapitalism philosophy, which is premised on the basis that the private sector needs to do good, and well.

He insisted that Africa’s power sector offers a huge opportunity: “HH has the capacity to generate 2,000 megawatts of electricity daily, and today, we generate about 750 megawatts. Our investment transforms lives and powers industries. It creates a value chain, in Africa, from natural resources to last mile distribution of electricity.”