Elumelu Calls for Better Governance to Attract Investment Across Africa
Tony Elumelu, Chairman of UBA Group, has emphasized the need for improved governance and transparency across Africa to unlock sustainable development and attract foreign investment.
Why is Africa not the preferred destination? To me, it is governance, to a large extent
Speaking at the Norwegian–African Business Summit, Elumelu noted that Africa's transformation depends on creating an enabling environment for investors. He urged African governments to prioritize reforms that foster inclusivity and fairness, as investor confidence is closely tied to the quality of governance.
- Create the right operating environment
- Improve governance standards
Elumelu stressed that transparency in governance is essential for long-term progress, stating
Create the right operating environment, improve governance standards, and people will come to invest in your environment
Author's summary: Elumelu advocates for better governance in Africa.