Nigeria’s business tycoon, Tony Elumelu to invest in the Caribbean

One of Nigeria’s richest men and prominent business tycoons, Tony Elumelu has expressed interest in investing in the Caribbean due to fast-growing market. He made this known on the last day of the annual Jamaica Stock Exchange Investment and Capital Markets Conference.

Elumelu, the founder of United Bank for Africa (UBA) which has been rated as one of the largest financial service groups in Nigeria stated that, “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.”

He disclosed further that, he would later this year meet with Jamaican politicians to expand his business ventures in the Caribbean though he didn’t mention any specific date.

Tony Elumelu who is reportedly worth over $700 million also stated that Jamaica and Africa share an area of mutual investment which is tourism.

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He honored the conference in Jamaica alongside Ekow Afedzie, who is the managing director of Ghana Stock Exchange. Apart from the business tycoon, the likes of Dr. Melida Harris Barrow, founder at 6 Region Global Chamber of commerce; the CEO of the Panama stock Exchange, Olga Cantilla.

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