Elumelu Joins IMF Advisory Council On Entrepreneurship
The International Monetary Fund (IMF) has appointed Nigeria’s Tony Elumelu into its Advisory Council on Entrepreneurship and Growth.
Elumelu, Africa’s leading advocate of entrepreneurship, whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, is the founder and chairman of Heirs Holdings.
He has championed entrepreneurship as the engine for the economic transformation of Africa, driven by Africa’s private sector’s long-term investments to deliver social and economic value.
The Advisory Council convened by IMF Managing Director, Kristalina Georgieva consists of global business leaders, policymakers, and academics.
It is dedicated to identifying and addressing regulatory barriers to entrepreneurship, recommend policies that enhance resource allocation, stimulate innovation, and catalyse sustainable private sector-led economic growth.
Elumelu will be instrumental in ensuring that Africa’s entrepreneurial potential is central to global economic policymaking.
Other members of the Council include: A Professor of Economics at the University of Chicago, Professor Ufuk Akcigit; Saudi Ambassador to the United States, Reema Bandar Al-Saud; Chair, CEO, and Co-Founder of Salesforce, Mr. Marc Benioff; Executive Chair, Banco Santander, Ms. Ana Botín; Chairman, Tata Group, Mr. Natarajan Chandrasekaran; Chief Executive, Vodafone Group, Ms. Margherita Della Valle; Founder, Chairman and CEO, Vista Equity Partners, Mr. Robert Smith and Argentine Minister of Deregulation and State Transformation, Mr. Federico Sturzenegger.
The council has had its inaugural meeting on March 26, during which Georgieva said they were to “share their views and experiences on how macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship, and productivity —key ingredients for a thriving private sector and strong economic growth.”
