The Lion King | 33
News Roundup
Tony Elumelu
Launches
$100 million
Entrepreneurship
Programme.
The Tony Elumelu Foundation
on Monday, December 1, 2014,
announced the launch of a $100m
Pan-African entrepreneurship
initiative; The Tony Elumelu Founda-
tion Entrepreneurship Programme
(TEEP). TEEP is a multi-year pro-
gramme of training, funding, and
mentoring, designed to empower
the next generation of African
entrepreneurs.
Speaking during the launch, Mr.
Tony Elumelu said, “The oppor-
tunity and challenge in Africa is
scale – in our people, our resources
and our horizons. In my business
and philanthropic journeys, I have
always sought ways to help inspire
a generation across our continent.
This programme brings together my
own entrepreneurial experience
and my fundamental belief that entrepre-
neurs, women and men across Africa, will
lead Africa’s development and transform
our future”.
Elumelu who is Chairman of UBA ex-
plained further that the programme will
offer "mentoring on a scale that is unprec-
edented in Africa."
The programme will identify and help
grow an initial 10,000 start-ups and young
businesses from across Africa over the
next 10 years, targeting the creation of
1,000,000 new jobs and $10 billion in annu-
al revenues.
L-R: Dr. Wiebe Boer, CEO, Tony Elumelu Foundation (TEF);
Parminder Vir, Entrepreneurship Director, TEF, andMr.
Tony Elumelu CON, Founder TEF, during the launch of the
$100million Tony Elumelu Entrepreneurship Programme (TEEP)
UBA Commits $1Million
to the Ebola Fight
In a show of commitment to Africa, UBA has
supported the fight against the spread of Ebola
in West Africa with a donation of $1million.
The donation was distributed through the UBA
Foundation, the corporate social responsibility
arm of UBA and shared equally to three most
affected West African countries. The additional
$100,000 was given to the African Union Support
Mission to the Ebola Outbreak in West Africa
(ASEOWA), initiated by the African Union Chair,
Nkosazana Dlamini Zuma.
“This donation is an affirmation of our unshakable
commitment to the continent - and a mes-
sage that Africa can triumph over this terrible
affliction", said Mr. Tony Elumelu, Chairman,
UBA Board of Directors, while announcing the
donation.
"I would also take this opportunity to commend
our courageous UBA Africa staff, in Guinea,
Liberia and Sierra Leone who have kept every
branch and ATM open throughout this testy time.
They have demonstrated our corporate value of resil-
ience and commitment that the business and progress
of Africamust and should go on” saidMr. Elumelu.
Liberian President Commends
UBA on Additional US$300,000 to
Help Eradicate Ebola
President Ellen Johnson Sirleaf
has commended UBA and
its board chairman, Mr. Tony
Elumelu on an additional
donation of $300,000 to the
National Ebola Task Force
headed by President Sirleaf.
Chioma Mang, MD/CEO,
UBA Liberia, presented a
$300,000 cheque to President
Sirleaf at her Foreign Ministry
office in Monrovia, assuring
the President and Liberians
that UBA is in Liberia to stay,
no matter what the country is
going through.
President Sirleaf, in her re-
marks, said, “Liberia could
not have achieved the
level of progress in the fight
against Ebola without the
support and partnership from
our African brothers and
sisters like UBA and its Chair-
man, Tony Elumelu, who has been of
great help to Liberia.”
The Chairman of UBA Group, Tony
Elumelu, through his foundation, in
August 2014, made a donation of
US$600,000.00 to Ebola affected
countries, which was one of the earli-
est responses from any private sector
organization or individual to the crisis.
L-R: President of Liberia, MadamEllen Johnson
Sirleaf; MD/CEO, UBA Liberia, Mrs. Chioma
Mang and Nigerian Ambassador to Liberia,
Mrs. Chigozie Obi-Nnadozie during the cheque
presentation
