Beyond UBA: Tony Elumelu’s transition to shaping Africa’s industrial destiny, By Dan Aibangbe
His retirement is not an exit from active economic leadership, but a decisive pivot of his strategic focus towards the real-sector engines driving the continent’s next industrial revolution: energy security, power infrastructure, and cross-border industrialisation.
When Tony O Elumelu, steps down as Group Chairman of United Bank for Africa (UBA) on 21 August, it will mark the end of one of the most defining chapters in modern African banking.Freed from commercial banking oversight constraints, Elumelu’s next chapter concentrates his capital and expertise directly where Africa’s macro-structural bottlenecks persist: energy, power, and infrastructure.
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