Chairman of United Bank for Africa: 'We need to fix our problems ourselves' Tony Elumelu, chairman of United Bank for Africa and Heirs Holdings, made a compelling case for African self reliance at the Africa France summit in Nairobi.
With Western development aid shrinking, he urged the continent's private sector to step up and invest in pressing infrastructure needs.
Elumelu emphasized that electrification and mass transportation are crucial drivers of economic growth. The African Continental Free Trade Area has yet to live up to its promise due to these very infrastructure gaps.