World News

Tony Elumelu Foundation, UNECA Partner on Data Revolution in Africa

May 18, 2015, Press Release/Tony Elumelu Foundation The Tony Elumelu Foundation and the United Nations Economic Commission for Africa concluded a three-day working session to create a roadmap on how to implement an ambitious plan to initiate a “data revolution” across Africa. 2015 marks the end of Millennium Development Goals […]

Tony Elumelu Rally Support Drive for Global, Africa’s Access to Power

By InvestAdvocate Lagos (INVESTADVOCATE)-Tony Elumelu, chairman of the United Bank for Africa Plc (UBA) and the founder of the Tony Elumelu Foundation will on Tuesday speak on African energy issues at the Sustainable Energy for All (SE4ALL) Global Advisory board ?meeting in New York. “The event will be co-chaired by the […]

Act Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem

By Benedict Clements and Vitor Gaspar/iMF Blog US$5.3 trillion; 6½ percent of global GDP—that is our latest reckoning of the cost of energy subsidies in 2015. These estimates are shocking. The figure likely exceeds government health spending across the world, estimated by the World Health Organization at 6 percent of […]