Africa’s renowned banker and philanthropist, Tony Elumelu, has ushered in the new year with gestures that once again reflect his long-standing commitment to purposeful leadership and impact-driven wealth.
On January 1, 2026, the Tony Elumelu Foundation officially opened applications for its flagship entrepreneurship programme, marking another milestone in its mission to empower young Africans. The announcement was shared on Instagram by Elumelu’s daughter, Oge, through her podcast, where she explained the motivation behind the Foundation’s work and the vision that continues to guide it.
In a video accompanying the announcement, Elumelu spoke passionately about the Foundation’s goal of nurturing entrepreneurship across Africa. He highlighted its focus on providing access to funding, business knowledge and mentorship, while also building partnerships with global institutions to scale impact.
Reflecting on his personal journey, Elumelu said his desire to give back was shaped by his life experiences. According to him, true vision goes beyond ideas and becomes meaningful only when shared with the right people who can help turn it into reality. He also called on governments to create enabling environments that allow young people to thrive and succeed.
Beyond the structured work of his Foundation, which has empowered thousands of entrepreneurs across the continent, Elumelu’s personal generosity has continued to draw public attention. Recently, he gifted Nigerian actor and entertainer, Charles Okocha, $50,000 after the artiste released a song celebrating Elumelu’s lifestyle, achievements, philanthropy and his role in transforming Africa’s banking sector.
Okocha later shared a light-hearted video featuring family members and close friends, openly celebrating and praising the billionaire’s generosity. The moment quickly went viral, sparking widespread admiration online.
Observers note that this public display is just one example of Elumelu’s broader pattern of deliberate and often quiet philanthropy. Through both planned initiatives and spontaneous gestures, he has consistently demonstrated his belief that Africa’s future depends on investing in its youth and building genuine human connections alongside corporate success.
This year’s philanthropic tone has also been shaped by reflection and empathy. Elumelu had earlier announced the cancellation of the family’s traditional end-of-year celebration, a decision taken in honour of staff members who lost their lives in a tragic fire incident at Afriland Towers in 2025. The move, though a break from tradition, was widely praised as a compassionate gesture that placed people above pageantry.
As 2026 unfolds, Tony Elumelu’s actions continue to signal a leadership style rooted in conscience, one that blends influence, wealth and empathy in ways that resonate far beyond the boardroom.
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