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Nigerian Billionaire Tony Elumelu sets to invest in the Caribbean

Nigerian Billionaire Tony Elumelu sets to invest in the Caribbean

It is indeed time for the motherland to invest in the motherland diaspora and Vice Versa. We are happy to announce that Nigeria’s billionaire banking tycoon, Tony Elumelu is currently eyeing the Caribbean market in order to invest in the Caribbean economy. This he revealed on his maiden visit to Jamaica.

Mr Elumelu, the founder of one of Nigeria’s largest financial services groups, United Bank for Africa Plc (UBA)., said; “We have a customer base of over 25 million around the globe. We are not in the Caribbean, but that is something we will explore when I come to Jamaica with the CEO of UBA Americas operation,” Elumelu said, according to the Jamaica Gleaner.

Nigerian Billionaire Tony Elumelu sets to invest in the Caribbean

During his speech at the final day of the annual Jamaica Stock Exchange Investments and Capital Markets Conference, Elumelu, who made his fortune in banking, oil, and healthcare, said he would meet with politicians during his visit to Jamaica later this year, at an unspecified date, to further his business and investment interests in the region.

Tony Elumelu arrived in Jamaica last week to join conference panellists Ekow Afedzie, managing director of the Ghana Stock Exchange; Dr Melida Harris Barrow, the founder and chairman at 6 Region Global Chamber of Commerce; and Olga Cantillo, executive vice-president and CEO of the Panama Stock Exchange, at the JSE conference seeking to explore investments in Jamaica.

The Lagos-based businessman, who is reportedly worth over $700 million, however dodged questions about specific sectors of his planned investment exploration. Although, he noted that tourism was the best area of mutual investment between Jamaica and Africa.


Earlier on, in a massive supportive women empowering women power move, Awele Elumelu; the wife of Tony Elumelu; through their the foundation gave out a grant of $5,000 non-returnable seed capital to 3,369 young women each.

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