UBA Group Chairman calls for fundamental shift in Africa’s development model

The Chairman of Heirs Holdings, Tony Elumelu, has called for a fundamental shift in Africa’s development model from dependence on foreign aid to trade, investment, entrepreneurship and private sector-led growth.

It focused on Africa’s evolving role in the global economy, entrepreneurship, energy security, private sector development and the future of US-Africa relations.

Elumelu said Africans must increasingly take ownership of the continent’s economic transformation, while global investors and international policy partners should move beyond outdated perceptions of Africa as an aid-dependent continent.