African businessman and philanthropist, Tony O. Elumelu has proposed a new entrepreneur-led development model for Africa at two high profile events in Washington DC.
Mr. Elumelu, who is Chairman of United Bank for Africa, and Founder, the Tony Elumelu Foundation, spoke at a White House event hosted by United States President Barack Obama on May 11 to celebrate emerging entrepreneurs around the globe. The event was a prelude to Obama’s scheduled trip to Kenya this summer for the Global Entrepreneurship Summit.
During remarks to announce the Summit and his plans to participate, President Obama thanked the global coalition of entrepreneurship organizations that collaborated with his administration to launch the Spark campaign for global

entrepreneurship, a campaign in which the Tony Elumelu Foundation is a founding member. The President went on to say to the entrepreneurs present, "Entrepreneurship empowers people to no longer be subject to aid agencies, but to be part of something to pursue their dreams. Entrepreneurs like you can change the world one idea at a time."

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