Renowned entrepreneur and philanthropist Tony Elumelu has called for a fundamental change in how the world engages with Africa, advocating for a focus on investment, entrepreneurship, and equal partnership instead of traditional aid models.
Speaking on Monday at a high-level Africa-Europe summit focused on economic cooperation, Elumelu delivered a sharp message: “Africa needs partners, not charity. Our future will not be built by aid, but by investment, partnership, and entrepreneurship.”
His remarks come as global engagement with the continent is being scrutinized, with much of it historically centered on humanitarian aid. Elumelu argued that Africa is at a pivotal moment, possessing a vast youthful population, abundant natural resources, and a rapidly growing innovation ecosystem—all of which present immense opportunities for mutually beneficial, sustainable growth.
The Nigerian business leader stressed that empowering small and medium-sized enterprises (SMEs) and young innovators is the key to unlocking the continent’s full economic potential and achieving inclusive development.
The summit brought together policymakers, investors, and business leaders from both continents to explore ways to deepen trade and attract long-term investments. Elumelu, a consistent champion of entrepreneurship as an engine for African transformation, reaffirmed that Africans must take the lead in driving their own development, with global partners playing a supportive and collaborative role.
He concluded by stating, “The time has come to redefine the relationship between Africa and the world — one based on dignity, respect, and shared prosperity.”
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