Toni Elumelu Urges Mobilization of Africa's $4 Trillion Domestic Capital for Economic Growth

Chairman of UBA (NGX: UBA) Group, Toni Elumelu, advocates for leveraging Africa's $4 trillion domestic capital to tackle infrastructure deficits and enhance economic growth. Speaking at a seminar during the IMF and World Bank meetings, Elumelu stressed the need for public-private partnerships to unlock local capital.

He highlighted the continent's energy poverty and digital infrastructure gaps, emphasizing the potential of smart partnerships to drive development. Elumelu called for transparent governance to attract private investment and sustainably develop Africa.