Tony Elumelu on Mobilizing Africa's Domestic Capital
Chairman of UBA Group, Tony Elumelu, has called for the urgent mobilization of Africa's estimated $4 trillion in domestic capital to address the continent's infrastructure and development challenges.
"It's estimated that we have over $4 trillion in domestic capital on the continent of Africa,"
Elumelu emphasized the transformative potential of unlocking local capital through smart public-private partnerships, which would not put additional strain on government budgets.
- Estimated domestic capital in Africa: $4 trillion
- Goal: Address infrastructure and development challenges
- Method: Smart public-private partnerships
Author's summary: Elumelu urges Africa to mobilize $4 trillion domestic capital.
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