* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 24, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    FOX One is now available on Prime Video: Here’s everything to know – About Amazon

    What Are Our Predictions for Taylor Swift’s ‘Life of a Showgirl’ Based on What She’s Told Us So Far? – yahoo.com

    Uncover the Hidden Surprises in Taylor Swift’s ‘Life of a Showgirl’ – Can You Decode Her Clues?

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Teaching older adults how to use technology – WWNY

    Empowering Older Adults to Master Technology with Confidence

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Africapitalism: Tony Elumelu Urges African Entrepreneurs to Embrace Technology

June 22, 2023
in Business
Africapitalism: Tony Elumelu Urges African Entrepreneurs to Embrace Technology
Share on FacebookShare on Twitter

During the second day of the Viva Technology Conference, a prominent tech event that took place in Paris from June 14th to 17th, Tony Elumelu, a renowned African philanthropist and businessman, delivered a compelling message. 

As the Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, he emphasized the crucial importance of African entrepreneurs fostering sustainable businesses and embracing technology.

Elumelu emphasized during his fireside chat session theme Entrepreneurship in Africa: Africapitalism that in order to thrive and endure, startups must wholeheartedly embrace technology. He further emphasized that those who neglect to adopt technology are essentially setting their businesses up for failure.

He says “I can say that businesses that fail to embrace technology are preparing or planning to fail. And as entrepreneurs, you should be building to last,” 

Why African entrepreneurs need to adopt technology

Africa’s internet penetration has seen substantial growth in the past year. Statista reported a remarkable increase, with around 570 million internet users recorded in 2022, more than doubling the number from 2015. Nigeria leads the way with over 100 million users, followed by Egypt with 76 million and South Africa with 41 million.

Despite improved internet access in Africa, small businesses have not fully embraced digital technologies, as highlighted in an IFC-World Bank research report. Only less than 7% of microenterprises utilize smartphones and computers for business purposes, and a staggering 71% of these small businesses perceive no necessity for such technologies.

While African small businesses show limited interest in technology, consumers are adapting quickly. However, the failure to embrace technology puts businesses at risk of bankruptcy, emphasizing the urgent need for African entrepreneurs to adopt its use.

Elumelu’s take on Africapitalism

Since 2011, Tony Elumelu has been a strong advocate of Africapitalism, an economic philosophy centered around Africa’s private sector driving long-term investments and fostering economic and social progress. Elumelu emphasizes that the continent’s development should not rely solely on African governments, donor countries, and philanthropic organizations, but must actively involve the private sector.

He said “That’s the thing about Africaptalism. It’s no longer about Africa sitting for donor organisations to bring in money to invest in different sectors. But this is us saying we need to develop entrepreneurs, we know how to develop entrepreneurs, so let’s partner to develop more. We have put our money into it, so come let’s partner to do this.” 

Elumelu’s impact through the Tony Elumelu Foundation

Founded in 2010 by Tony Elumelu and headquartered in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) is a prominent non-profit organization with a strong focus on Africa. TEF is a pioneering member of the Global Impact Investment Rating System and serves as a leading advocate for entrepreneurship in the continent. Its primary goals include empowering individuals, particularly women and men, throughout Africa, stimulating economic growth, combating poverty, and fostering job opportunities.

“We have today supported over 18,000 beneficiaries with a non-refundable capital of $5,000 each, both men and women. Last year, we funded 70% of women-led businesses and 30% of businesses led by men. The reverse used to be the case when we started our foundation,” Elumelu said. “That shows a lot. Our women are being encouraged, they are stepping forward and they are doing very well.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/2023/06/21/africapitalism-tony-elumelu-urges-african-entrepreneurs-to-embrace-technology/

Tags: AfricapitalismbusinessElumelu
Previous Post

7 Nigerian Celebrities with the Most Expensive Cars

Next Post

See How Flutterwave And Audiomack Are Expanding Monetisation Opportunities For African Artists

Eightmile Dam rebuild & restoration – Washington State Department of Ecology (.gov)

Revitalizing Eightmile Dam: A Major Rebuild and Restoration Project

August 24, 2025
Scientists Sequenced the DNA of the ‘Last Neanderthal’—and It Alters Human History – yahoo.com

Scientists Unlock the DNA of the ‘Last Neanderthal,’ Revolutionizing Our View of Human History

August 24, 2025
RIKEN, Japan’s Leading Science Institute, Taps Fujitsu and NVIDIA for Next Flagship Supercomputer – NVIDIA Blog

Japan’s Leading Science Institute Teams Up with Fujitsu and NVIDIA to Create Next-Generation Supercomputer

August 24, 2025
Is a relief rally coming for Equity LifeStyle Properties Inc. holders – July 2025 Retail & Weekly High Return Opportunities – Newser

Is a relief rally coming for Equity LifeStyle Properties Inc. holders – July 2025 Retail & Weekly High Return Opportunities – Newser

August 24, 2025
Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

August 24, 2025
‘Holy grail’ MJ-Kobe card sells for record $12.9M – ESPN

Holy Grail’ MJ-Kobe Card Smashes Records with $12.9 Million Sale

August 24, 2025
Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

Julia Schell scores six tries as Canada thrash Fiji in Women’s Rugby World Cup – The Guardian

August 24, 2025
Why Tipping Feels Out of Control in Today’s Economy – MSN

Why Tipping Feels Out of Control in Today’s Economy – MSN

August 24, 2025
Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

August 24, 2025
New report demonstrates that corporal punishment harms children’s health – World Health Organization (WHO)

Shocking New Findings Expose the Serious Harm Corporal Punishment Inflicts on Children’s Health

August 24, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (788)
  • Economy (808)
  • Entertainment (21,687)
  • General (16,652)
  • Health (9,848)
  • Lifestyle (821)
  • News (22,149)
  • People (810)
  • Politics (817)
  • Science (16,020)
  • Sports (21,307)
  • Technology (15,789)
  • World (789)

Recent News

Eightmile Dam rebuild & restoration – Washington State Department of Ecology (.gov)

Revitalizing Eightmile Dam: A Major Rebuild and Restoration Project

August 24, 2025
Scientists Sequenced the DNA of the ‘Last Neanderthal’—and It Alters Human History – yahoo.com

Scientists Unlock the DNA of the ‘Last Neanderthal,’ Revolutionizing Our View of Human History

August 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version