Fidelity bank banner Bayelsa State banner
Tony Elumelu Foundation, UBA partner with U.S. Department of Commerce to promote entrepreneurship in Africa

By News Express on 26/01/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,919


The Tony Elumelu Foundation and United Bank for Africa Plc (UBA) have partnered with the United States Department of Commerce to host a panel and roundtable discussion between members of the U.S. Presidential Council on Doing Business in Africa (PCDBIA) and a diverse community of African entrepreneurs.

The 11-person U.S. delegation, along with representatives of several U.S. Government trade and investment-focused agencies, was led by the Honourable Penny Pritzker – U.S. Secretary of Commerce. The Council visited Lagos as part of a fact-finding mission to help inform their upcoming report to President Obama on how to strengthen commercial engagement between the U.S. and Africa, which will result in mutually-beneficial growth.

The event, themed “Unleashing Africa’s Entrepreneurs: Strengthening the Entrepreneurial Ecosystem to Empower the Next Generation of Africa’s Business Leaders”, brought together American business leaders and Nigerian entrepreneurs to discuss challenges, solutions and innovations in the current African business environment. Organisers said it was designed to allow representatives of the U.S. Government to participate in direct and substantive discussions with Africa’s emerging business leaders – an opportunity to engage in a dialogue that has the potential to influence U.S. foreign policy for Africa.

Speaking at the event in Lagos, U.S. Secretary of Commerce Penny Pritzker said: “President Obama believes, as I do, that the American private sector, working in partnership with the African business community and African entrepreneurs, can help address many of the continent’s most pressing challenges, including creating jobs and opportunity for young people across the continent. I am proud to lead our Administration’s effort to support and empower aspiring entrepreneurs, both in the United States and across the globe.”

UBA Chairman Tony O. Elumelu, through his eponymous Foundation, hosted the delegation, and expressed gratitude for the collaborative approach the Council and U.S.  Commerce Department are taking in engaging local entrepreneurs as part of their deliberations.

“Too often, well-meaning foreign policy-makers develop strategies to help Africans without actually engaging us,” he said. “In order to effectively help or support people, we should ask them what kind of help they want. So, I thank you for doing that with African businesses,” Elumelu added.

For the U.S. Government, this trip begins the Road to GES 2016 – the Global Entrepreneurship Summit; an annual gathering of entrepreneurs at all stages of business development, designed to demonstrate the U.S. Government’s commitment to fostering entrepreneurship around the world.

Expressly designed to address the needs of and provide opportunities for the next generation of African entrepreneurs, the entrepreneurs in attendance included SMEs supported by UBA Plc, UNCTAD’s EMPRETEC Nigeria Foundation and those selected for the Tony Elumelu Entrepreneurship Programme (TEEP) – a 10-year, $100 million commitment by the Tony Elumelu Foundation to empower the next generation of Africa’s entrepreneurs with businesses that have the potential to generate income and jobs for their nations.

The Tony Elumelu Entrepreneurs in attendance were selected from the Agriculture, Media & Entertainment, ICT, Transport, Healthcare and Financial Services sectors. Their startups reflect the potential that entrepreneurship holds for spurring Africa’s transformation; already, they have begun creating jobs in their local communities and generating tax revenues for governments earning them recognition in both local and international media.

•Photo shows Tony Elumelu.

Source News Express

Posted 26/01/2016 11:45:25 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
You lied, Senate tells Amaechi •Demands withdrawal of...

Saraki orders Senate panel to visit Zamfara, conduct...

20 ships expected in Lagos ports

Forex Fraud: 16 local and international banks face...

Adeosun bags UN Pension Fund committee appointment

FRSC goes tough on Dangote Group over broken-down...

Boko Haram war: Jonathan, service chiefs, IGP visit...

Respect ceasefire deal, Obama tells FG, Boko Haram...

Buhari, Onu expected to grace 28th Enugu Trade...

Man arrested over puppy’s death

2 soldiers in the net over botched kidnap...

Intrigues in Imo: Popular activist Citizen Ikenna Samuelson...

 

Latest News IPOB members protest naked in Owerri •Insist on referendum, election boycott National Assembly must reconvene immediately — APC UN demands release of 3 aid workers abducted by Boko Haram Delay in INEC budget may cause constitutional crisis — Group 2m pilgrims descend on Mecca — with smart apps Civil Society groups blast Presidency, National Assembly over leadership crisis Enugu State Government saves N1.89 billion in three years via Due Process Court discharges 9 men accused of murdering Apapa PDP chairman Ogoni congress condemns delay in Ogoni clean-up, battles MOSOP EXCO on tenure extension El-Rufai’s government sponsoring hate speech campaigns against us: Islamic Movement in Nigeria Ebonyi, Akwa Ibom, Enugu top list of highest youths in politics Navy detains 8 suspected diesel smugglers

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (377,786 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (366,684 views) Shameless Genevieve Nnaji exposes breasts in public (296,387 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (241,943 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (222,747 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (217,170 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (192,633 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (174,796 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (159,677 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (158,400 views) Lagos plane crash: Journalist releases victims’ names (152,784 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (143,077 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (56) Business & Economy (3,459) Business Verdict (48) Columnists (911) Complaints & Requests (95) Enterprise & Opportunities (207) Entertainment (528) Features (636) Global Business Monitor (294) International (2,275) Interview (161) Live Commentary (28) Love Matters (134) News (38,085) Opinion (1,060) Pidgin (11) Politics (6,073) Religion (821) Sports (1,647) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Real Madrid vs Atletico Madrid 2-4 Highlights and Goals

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement