When Tony O Elumelu, steps down as Group Chairman of United Bank for Africa (UBA) on 21 August, it will mark the end of one of the most defining chapters in modern African banking. Retiring after completing the maximum 12-year tenure limit for non-executive directors mandated by the Central Bank of Nigeria (CBN), Elumelu leaves an indelible footprint on African commerce. His retirement is not an exit from active economic leadership, but a decisive pivot of his strategic focus towards the real-sector engines driving the continent’s next industrial revolution: energy security, power infrastructure, and cross-border industrialisation.
Beyond UBA: Tony Elumelu’s transition to shaping Africa’s industrial destiny, By Dan Aibangbe
