Tony Elumelu Calls for Mobilization of Africa's Domestic Capital
Chairman of UBA Group, Tony Elumelu, has urged the mobilization of Africa's estimated $4 trillion in domestic capital to address infrastructure and development challenges.
"It's estimated that we have over $4 trillion in domestic capital on the continent of Africa,"
Elumelu emphasized the potential of unlocking local capital through public-private partnerships, speaking at a seminar 'Boosting Productivity Growth in the Digital Age' at the IMF/World Bank Meetings.
- Mobilizing domestic capital can address infrastructure and development challenges without straining government budgets.
- Smart public-private partnerships can unlock local capital.
Author's summary: Elumelu seeks to mobilize Africa's $4 trillion domestic capital for development.
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