Although the pandemic inflicts a devastating toll on the world economy, President United Bank for Africa (UBA), Tony Elumelu Group now insists that the time to invest in countries in Africa. “Africa is a land of opportunity. There are challenges in Africa, but also a huge return on investment,” said Elumelu 100 interviews with employees discussion Kim Dozier for a time. “There is no better time to be a race, live as long as we are.” Since the crown of the pandemic sweeping across the world, killing hundreds of thousands of people and sparking economic problems, the idea of a large investment jar seems to be blatantly make. African countries face the most grueling obstacles such COVID-19 in peak cases across the continent more locusts threatening food security in East Africa and the African Development Bank warns of a looming recession as a result of the pandemic. But you can see while some are now investing as a game of chance, Elumelu, a Nigerian multi-millionaire who knows how rewarding it can be to take risks in bold. In 1997 Elumelu led a small group of investors to take over a small, financially troubled commercial bank. A few years later, the bank became a financial servicer top five in Nigeria and would eventually merge with UBA, according to Forbes. Following the creation of $100 million to 10,000 African businessman Tony Elumelu Foundation (TEF), then Elumelu his income used to make a bold promise to engage in 10 years in 2014, Pan-African mentorship to entrepreneurs and start the training program. Well, to put their bets on Africa’s economy despite COVID-19, 57-year-old pitching investors. “Today there is greater stability than in the past, and there is the will and the realization by African leaders that capital to where it will be welcome. So they are trying to make and in their countries to attract foreign investment” an enabling environment in their markets, Elumelu said. Elumelu encouraged the time to think of home with out the message of dialogue, said the businessman nearly 9,000 in its African entrepreneurship FET program. “The necessity the mother of invention, is that we must be innovative. We must continue to think,” said Elumelu. Elumelu also pointed out that the pandemic has accidentally brought some economic opportunities of the continent put quarantine and social distancing business is booming in catalyzed line. “In banking, there is a whole transformation of COVID-19 increased banking. You now have less than 15% of our more than 20 million customers of banks throughout Africa dealing in the bank,” said Elumelu. “Most of them are online stores that about 85% of the 20 million customers that is significant.” While the odds in favor of African countries and in many heavily affected countries does not exist for the crown Elumelu fact it seems to be that people where they can dredge economic pandemic the difference hope. “This will be better tomorrow than today’s economic hope difference the difference always think positive and to know,” said Elumelu. “Do not let your economic aspirations with COVID die.” Copyright Image
Africa is a land of opportunity. ‘United Bank for Africa on President Tony Elumelu Because now is the time to invest in Africa
