IMF Appoints Tony Elumelu to Global Advisory Council on Entrepreneurship

The International Monetary Fund (IMF) has appointed Nigerian billionaire and Heirs Holdings Chairman, Tony Elumelu, to its newly formed Advisory Council on Entrepreneurship and Growth. Convened by IMF Managing Director Kristalina Georgieva, the council aims to dismantle regulatory obstacles and foster a thriving business climate worldwide.

Elumelu, a staunch advocate for African entrepreneurship, has propelled over 25,000 startups through the Tony Elumelu Foundation since 2015. His philosophy of Africapitalism—a belief in the private sector’s power to drive Africa’s socio-economic transformation—aligns with the council’s mission to integrate entrepreneurship into global policy frameworks.

Speaking at the council’s inaugural meeting on March 26, Georgieva emphasized the need for robust macroeconomic and financial policies that stimulate innovation, productivity, and private sector growth. With Elumelu’s appointment, Africa’s entrepreneurial potential is set to take center stage in shaping global economic strategies.