Chairman of the United Bank for Africa (UBA) Group and Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, has reaffirmed his commitment to the development of Gabon’s economic development, following a meeting with the President of Gabon, Brice Oligui Nguema, earlier this week.

Elumelu, who was on an official visit to the Presidential Palace in Libreville, Gabon at the invitation of Nguema discussed key strategies to enhance infrastructure development and foster entrepreneurship in the country.

During the discussions, both leaders underscored the importance of strategic investments in infrastructure as a catalyst for economic growth and job creation, while Elumelu, a strong advocate of Africapitalism, emphasised the role of private sector partnerships in driving sustainable development.

In a previous engagement by both leaders in New York in September 2024, Elumelu disclosed plans for a dedicated initiative to support the Gabonese youth through UBA and his Foundation, the TEF.

Expressing his appreciation for Elumelu’s commitment, the President of Gabon highlighted the significance of this partnership in driving the nation’s economic agenda.

“Gabon is poised for a new era of economic transformation, and partnerships with leading African investors like Tony Elumelu accelerating our progress. Our focus is on creating opportunities for young people and strengthening the nation’s infrastructure, and we welcome collaborations that align with this vision,” the President stated.