* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 26, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • 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
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

    Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    General Hospital’s Rena Sofer Exits as Lois — But the Door Isn’t Closed – Yahoo

    CNN Launches New Show – What to Know About Host Elex Michaelson – Central Oregon Daily

    Get to Know Elex Michaelson: The Dynamic New Host Taking CNN by Storm

    Johnny Depp Set To Finally Make His Big Hollywood Comeback After Amber Heard Controversy – Yahoo

    Johnny Depp Set for a Triumphant Hollywood Comeback Following Amber Heard Controversy

    ‘Chainsaw Man — The Movie: Reze Arc’ Review: Hit Manga Gets an Ultra-Violent, Surprisingly Emotional Big-Screen Adaptation – Yahoo

    Chainsaw Man – The Movie: Reze Arc Review: A Brutal and Unexpectedly Emotional Big-Screen Adaptation

    Reba McEntire Details Personal Relationship With Late Stepson Brandon Blackstock – KNDU

    Reba McEntire Shares Emotional Tribute to Her Late Stepson Brandon Blackstock

  • 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
    The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

    The Anti-Tech Backlash Is Gaining Unstoppable Momentum

    Comments to EU Regarding the Draft Revised Technology Transfer Block Exemption Regulation and Technology Transfer Guidelines – Information Technology and Innovation Foundation

    Have Your Say: Share Your Thoughts on the Draft Revised Technology Transfer Block Exemption Regulation and Guidelines

    Ghost Tapping is exploiting tap-to-pay technology in order to steal your money; what your need to know – ABC7 New York

    Ghost Tapping: How Thieves Are Using Tap-to-Pay Technology to Steal Your Money and What You Need to Know

    New technology for grading and packing dates – FreshPlaza

    Revolutionary Technology Transforms Date Grading and Packing Process

    Project underway to upgrade technology on 911 towers in Kanawha County – WCHS

    Kanawha County Launches Major Upgrade to 911 Tower Technology

    Next steps: Technology opens new options for greater mobility – Missouri Independent

    Next Steps: How Technology is Opening Exciting New Doors to Greater Mobility

    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

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 2025
Neanderthals could be brought back within 20 years — but is it a good idea? – Live Science

Could Neanderthals Walk the Earth Again in 20 Years? Unveiling the Exciting Possibilities and Risks of De-Extinction

October 26, 2025
Former L3Harris cyber director charged with selling secrets – theregister.com

Former L3Harris cyber director charged with selling secrets – theregister.com

October 26, 2025
The Anti-Tech Backlash Is Going to Grow Stronger – Jacobin

The Anti-Tech Backlash Is Gaining Unstoppable Momentum

October 26, 2025
‘Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates – FOX Sports

Not Enough Adjectives’: How Yoshinobu Yamamoto Amazed His Dodgers Teammates

October 26, 2025
World Series 2025: Dodgers’ worst-case scenario plays out as Blake Snell, bullpen crumble in Game 1 vs. Blue Jays: ‘Not a good feeling’ – Yahoo Sports

World Series 2025: Dodgers’ Nightmare Unfolds as Blake Snell and Bullpen Collapse in Game 1 vs. Blue Jays

October 26, 2025
“Bending, not breaking”: The global economy’s new normal – J.P. Morgan

Bending, Not Breaking: Embracing the New Normal of the Global Economy

October 26, 2025
Meet Belynda From ‘Married at First Sight’ Season 19: Age, Job, Instagram and More – Yahoo

Meet Belynda from ‘Married at First Sight’ Season 19: Age, Career, Instagram & More Revealed!

October 26, 2025
80,000 Coloradans projected to drop health insurance amid premium spike – KUSA.com

80,000 Coloradans Expected to Lose Health Insurance as Premiums Soar

October 26, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
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 (887)
  • Economy (908)
  • Entertainment (21,779)
  • General (17,812)
  • Health (9,949)
  • Lifestyle (921)
  • News (22,149)
  • People (909)
  • Politics (918)
  • Science (16,119)
  • Sports (21,408)
  • Technology (15,888)
  • World (891)

Recent News

Rapid radiations underlie most of the known diversity of life – Frontiers

How Rapid Radiations Drive the Incredible Diversity of Life

October 26, 2025

Seismic evidence for a highly heterogeneous martian mantle – Science | AAAS

October 26, 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