NewsExpress advert Yudala 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: 1,692


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

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

 

You may also like...
Christmas: Better days ahead, Buhari assures

Probe Al-Mustapha’s prosecutors, HURIWA tells National Judicial Council...

Police seeks peaceful settlement of Army, Premium Times...

Wike leads security agencies in manhunt for cult...

Dakuku Peterside hails Abe, Wihioka and Wanjoku’s victory...

BVN: Group calls for adequate sensitisation in rural...

Court bus driving against traffic kills lawyer; family...

Benue protesters shut highway over House of Reps...

Custom records N973.5m in October at Seme border...

Court overrules FG, orders neutral place for Dasuki...

Anglican Church tasks govt. on road construction, multiple-taxation,...

Runaway Nigerian fraudster bags life in UK for...

 

Latest News Paedophile bags 60-year jail with hard labour as Lagos Sexual Offences Court delivers first judgment Charlyboy leads protest to NNPC HQ over fuel scarcity FG commences investigation into Dana Air mishap FG commences investigation into Dana Air mishap UBA Foundation builds link bridge for students of Usman Danfodiyo University Save Lagos Group drags EFCC officials before Magu over alleged harassment of businessman Veteran journalist and Columnist Tola Adeniyi set to present ‘In the Belly of Vultures’ Tinubu, Ambode, Lai Mohammed, Saraki, others to receive IPI chief ahead world congress in Abuja HURIWA blasts El-Rufai for demolishing Kaduna APC factional secretariat •Condemns FG’s clampdown on free speech Morgan Tsvangirai: The African Hero BREAKING NEWS: Famous Evangelist Billy Graham is dead Northern Senators’ Forum sacks Ex-Governor Adamu as Chairman

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (325,838 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (317,438 views) Shameless Genevieve Nnaji exposes breasts in public (254,095 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (208,464 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (194,526 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (187,395 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (162,995 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (146,329 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,195 views) Lagos plane crash: Journalist releases victims’ names (129,285 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (127,810 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (122,956 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,897) Business Verdict (33) Columnists (804) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (446) Features (549) Global Business Monitor (226) International (1,799) Interviews (143) Live Commentary (28) Love Matters (105) News (33,007) Opinion (883) Pidgin (10) Politics (4,510) Religion (681) Sports (1,438) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement