Africa’s richest man, Alhaji Aliko Dangote has written a powerful tribute on Tony Elumelu being selected among 100 most influential people of 2020 by the Time magazine. The tribute reads:
He is a leading proponent of “Africapitalism,” a belief that Africa’s private sector can and must play a leading role in the continent’s development through long-term investments, as well as entrepreneurship and regional connectivity.
After deepening the financial market in Africa, he has found an equally important niche: giving a voice of hope to millions of youths across Africa. Tony has harnessed Africa’s youth bulge to catalyze development and protect the future, committing to investing $5,000 each in 1,000 young entrepreneurs per year across 54 countries in Africa. Having come so far, Tony still forges on, striking a fine balance between personal satisfaction and societal impact”
Dangote is the president of Dangote Industries Ltd