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France 24
France 24
Marc PERELMAN

Chairman of United Bank for Africa: 'We need to fix our problems ourselves'

Africa FRANCE 24 France Electricity Nairobi
TÊTE À TÊTE © FRANCE 24

In an interview with FRANCE 24 on the sidelines of the Africa-France summit in Nairobi, Tony Elumelu, chairman of Heirs Holdings and United Bank for Africa, said "we [in Africa] need to fix our problems ourselves" as Western aid cuts bite, calling on the continent's private sector to step up and invest in electricity and infrastructure.

As Western development aid shrinks, Elumelu said the continent can no longer rely on outside help and that wealthy Africans have a responsibility to "democratise prosperity".

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