Tony Elumelu named in “TIME 100” list of the 100 most influential people in the world 2020

By Edwin Muhumuza

The Time Magazine named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, the annual list of the 100 most influential people in the world.

The list, now in its seventeenth year, recognises the activism, innovation, and achievement of the world’s most influential individuals.

Mr. Elumelu, who is one of only four Africans on the 2020 list, is recognised for his track record of business turnaround and value creation, and economic empowerment of young Africans.

Tony Elumelu is the Chairman of United Bank for Africa, a top Pan-African financial services group, operating in Uganda and 19 additional countries in Africa, the United Kingdom, France, and is the only African bank with a commercial deposit taking licence in the United States. The bank provides corporate, commercial, SME and consumer banking services to more than 21 million customers globally. United bank for Africa has been offering financial services in Uganda for the past 12 years.

Mr. Tony Elumelu is the most prominent champion of entrepreneurship in Africa. In 2010, he created The Tony Elumelu Foundation(TEF) ,the philanthropy empowering a new generation of African entrepreneurs, catalysing economic growth, driving poverty eradication and ensuring job creation across all 54 African countries.

Since inception, the Foundation has funded just under 10,000 entrepreneurs and created a digital ecosystem of over one million as part of its ten year, US$100m commitment through the TEF Entrepreneurship Programme. Over 600 Ugandan entrepreneurs have benefited from this Foundation.

Self-funded, the Foundation is increasingly sharing its unique ability to identify, train, mentor and fund young entrepreneurs across Africa, with institutions such as the UNDP, the ICRC and leading European development agencies.

The Tony Elumelu Foundation will celebrate 10 years of impact in November and its mission continues to be inspired by Mr. Elumelu’s economic philosophy of AfriCapitalism which positions the private sector, and most importantly entrepreneurs, as the catalyst for the social and economic development of the continent.

Tiwa Savage, Wizkid all at the UBA 70 years Celebration in Nigeria

By Edwin Muhumuza

United Bank for Africa (UBA) Plc celebrated 70 years of operations . The platinum anniversary was combined with the bank’s annual CEO awards ceremony as members of staff from all 23 countries of operations who had excelled over the past year were rewarded in the midst of thousands of guests.

The Chairman, UBA Plc, Mr. UBA Celebrates 70 years with CEO Awards gala, accompanied by his wife Dr. Awele, remarked that UBA remains a leading financial institution on the continent and hitting the 70th year mark was a laudable achievement.

He said, “It is a time to celebrate UBA’s rich heritage and legacy over 70 years and to tell everyone who has contributed to what UBA is today, that we appreciate all they have been doing and how they have ensured that the investment put into the bank over the past decades have paid off.”

The Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, spoke about the banks’ achievements over the past 70 years and some of its objectives for the coming years, commending staff for their hard work and resilience that have contributed to UBA retaining its position as Africa’s top bank of choice.

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“Every year, it is our tradition to appreciate our people who have put in their very best and gone far and beyond the call of duty to deliver excellent services to our customers and this year is even more exciting as we celebrate 70 years of our existence.

From Uganda, Chief Dealer, Isaac Kasozi Iga scooped an Award of Excellence for his remarkable contribution as one of the main revenue contributors to the Group.

Chairman of Zenith bank, Jim Ovia ,commended the management and staff of the bank, adding that UBA remains one of the greatest banks in Sub Saharan Africa and is built to last. He congratulated all staff and shareholders noting that he should have bought UBA shares but it was not too late to do that.

In attendance at the epic night of activities, were royal fathers, captains of industry, political leaders, clients and friends of the bank. Some of the guests present were the Ooni of Ife, Oba Adeyeye, Enitan Ogunwusi; the Emir of Kano represented by the Sarkin Shanun of Kano, Alhaji Shehu Mohammed; Former and Present Governors of Cross Rivers State.Former Presidents Olusegun Obasanjo and Ibrahim Babaginda who could not attend the event sent in letters of congratulations to commend the bank on its landmark achievements.

At the celebrations, the story of UBA was depicted in the Tony Award winning Broadway musical of the Lion King. Serengeti depicts the story of the young cub who grew into a strong Lion, in spite of the odds, and empowered all the other animals in the jungle. Great performances by A-list artists such as ‘science students’ crooner, Olamide, Phyno,Patoranking, Dbanj and female sensation, Tiwa Savage entertained the audience of over 2500 guests. The surprise act which ended the night on a high, was the performance by award winning Nigerian artist, Wizkid.