Nigeria’s renowned entrepreneur and philanthropist, Tony Elumelu, has received Gabon’s highest civilian distinction in recognition of his role in driving inclusive economic growth across the continent.
In a ceremony held at the Presidential Palace in Libreville, Gabon’s newly sworn-in President, General Brice Clotaire Oligui Nguema, awarded Elumelu the rank of Commander in the National Order of Gabonese Merit.
President Nguema, who took office just two days prior, lauded Elumelu’s consistent commitment to youth empowerment and strategic investment in Africa’s future. “Elumelu is not only an investor but a steadfast ally of Gabon’s development. His efforts through UBA and his foundation speak to a broader vision of continental transformation,” the president said.
Elumelu, Chairman of United Bank for Africa (UBA) Plc and Founder of the Tony Elumelu Foundation, has been instrumental in expanding financial access and supporting entrepreneurship across Africa, including Gabon. His foundation provides seed capital and training to thousands of young Africans annually, while UBA’s operations promote economic inclusion in over 20 African countries.
Reacting to the honour, Elumelu expressed appreciation and reaffirmed his belief in the continent’s potential. “This award is a shared recognition of what we, as Africans, can build when we invest in our people. Gabon’s potential is immense, and I remain committed to walking this journey with its youth and institutions,” he said.
The honour comes as Gabon signals a renewed focus on rebuilding its economy under new leadership. Elumelu’s engagements in the country align with its goals to attract investment and spur innovation.
Beyond his role at UBA, Elumelu chairs Heirs Holdings and Transcorp, two influential groups shaping sectors such as energy, power, hospitality, and healthcare. His foundation, launched in 2010, has funded over 18,500 entrepreneurs and built a pan-African network of over one million aspiring business leaders.
Widely regarded as a champion of Africapitalism—the belief that Africa’s private sector must lead the continent’s transformation—Elumelu continues to be recognised globally. He was named among TIME’s 100 Most Influential People and has received top honours from Belgium’s royal establishment.
For Gabon, the recognition of Elumelu sends a strong message: partnerships rooted in African ambition and African ownership are central to building a resilient future.