Tony Elumelu Celebrates UBA’s Milestones at Exclusive UNGA Reception

On September 25, 2024, Mr. Tony Elumelu, CFR, Group Chairman of the United Bank for Africa (UBA) and Founder of The Tony Elumelu Foundation, hosted an exclusive cocktail reception in New York, coinciding with the 79th United Nations General Assembly (UNGA). This prestigious event celebrated two significant milestones: the 75th anniversary of UBA Group and the 40th anniversary of UBA America, markingdecades of impactful service and commitment to the African continent.

The reception drew an impressive gathering of global dignitaries, including President Julius Maada Bio and First Lady Fatima Bio of Sierra Leone. Other notable heads of state in attendance included His Excellency Carlos Vila Nova of São Tomé and Príncipe, His Excellency Joseph Boakai of Liberia, His Excellency Brice Nguema of Gabon, and His Excellency Nana Akufo-Addo of Ghana. The event also featured high-profile guests such as Queen Máxima of the Netherlands, business magnate Aliko Dangote, and U.S. Senator Chris Coons, illustrating the broad spectrum of influential figures committed to advancing Africa’s interests.

Themed “Celebrating Culture, Collaboration, and Innovation,” the reception served as a vibrant platform for leaders from various sectors to engage in meaningful dialogues about Africa’s future. Guests were treated to a rich showcase of African culture, which included traditional delicacies from different regions of the continent and a captivating performance by renowned artist Davido. This cultural immersion not only entertained but also highlighted the diverse heritage and potential of Africa on the global stage.

In his remarks, Mr. Elumelu emphasized UBA’s unwavering commitment to fostering economic growth in Africa, highlighting key initiatives focused on youth employment and equitable energy transition. He pointed out that UBA plays a pivotal role in facilitating trade between Africa and global markets, stating that empowering young entrepreneurs is crucial for driving innovation and sustainable development. Mr. Elumelu expressed his belief that the future of Africa lies in its youth and the potential they hold to transform economies and communities.

During the event, Mr. Elumelu met with Jamaica’s Prime Minister to discuss potential partnerships aimed at enhancing collaboration between Africa and the Caribbean. This engagement reflects a broader vision of interconnectedness among developing regions, fostering shared opportunities and mutual growth. Additionally, he participated in critical discussions on climate change and sustainable development alongside former U.S. President Bill Clinton at the Clinton Global Initiative. These conversations underscored the urgency of collaborative efforts to address global challenges and the role that African leadership can play in these initiatives.

The UBA Group’s involvement at UNGA further emphasized its dedication to engaging with global leaders on pressing issues affecting Africa, including economic empowerment, sustainable energy solutions, and the importance of trade facilitation. Mr. Elumelu’s leadership at such a high-profile event illustrates UBA’s commitment to not only financial services but also to being a catalyst for change and development across the continent.

The cocktail reception not only celebrated UBA’s remarkable journey over seven decades but also reinforced its status as a pivotal player in advocating for Africa’s interests on the global stage. With over 500 influential guests in attendance, the event highlighted UBA’s commitment to driving progress and fostering international partnerships for a sustainable future in Africa. This gathering of thought leaders and change-makers serves as a testament to the importance of collaboration in addressing the challenges and opportunities facing the continent today.