Achim Steiner, UNDP Administrator Praises Tony Elumelu\u2019s Private-Sector Led Approach to African Development; President of South Africa, H.E. Cyril Ramaphosa: \u201cIf you want really good returns, as Tony Elumelu said, come to Africa\u201d; Elumelu Champions Job Creation in Africa at Breakfast Meeting with President of Rwanda and UNICEF Executive Director. In an impassioned keynote speech, delivered before global leaders, at the 7th Tokyo International Conference on African Development (TICAD) in Yokohama, Japan, African investor and philanthropist Tony O. Elumelu CON, challenged the Government of Japan to invest 5% of its $50billion commitment to Africa, in empowering African entrepreneurs. \u201cAt TICAD 2016 in Kenya, Japan pledged $30billion for Africa. This year you have\u00a0generously increased this to $50 billion. If we invested just 5% in Africa\u2019s new generation of entrepreneurs, following my Foundation\u2019s robust, proven model of getting capital directly to those best placed to catalyse growth and create real impact, we could touch 500,000 lives, across the 54 African countries, broadening markets, facilitating job creation, improving income per capita, and laying the key foundation for political and economic stability\u201d, said Mr. Elumelu. Mr Elumelu\u2019s statement captured his vision of a relationship between Japan and Africa, which prioritises economic and shared prosperity. He outlined the three key pillars of a bold and transformative structure: investment in infrastructure, partnership with the African private sector, and investment in Africa\u2019s youth. He urged Japan to learn from the example of the Tony Elumelu Foundation, which champions empowering African entrepreneurs, as the most sustainable means of accelerating the development of Africa. The Tony Elumelu Foundation, in just five years has assisted over 7,500 African entrepreneurs across every African country, with seed capital, capacity building, mentorship and networking opportunities through its $100 million Entrepreneurship Programme. Elumelu\u2019s advice carried the weight of his track record of business success, founding Africa\u2019s global bank, United Bank for Africa (UBA), which has grown its presence to 20 African countries, as well as in the United Kingdom, France, and the USA; and Heirs Holdings, Africa\u2019s private investment company which actively invests in key sectors of Africa\u2019s economy and controls millions of dollars in its investment portfolio. Together, they employ over 30,000 people and transform the communities they operate in. \u201cAfrica is one of the world\u2019s viable destinations for investment. Our huge population, of nearly 1.3 billion people, creates one of the most attractive markets anywhere in the world. The world is paying close attention to Africa, but is Japan at the centre of this conversation or is it on the sidelines?\u201d he queried. Mr Elumelu\u2019s philosophy has become increasingly popular on the African continent, where he is acknowledged as the pioneer of a private-sector-led approach to accelerating development. He repeated the message at the Generation Unlimited breakfast meeting with H.E. Paul Kagame, President of Rwanda and UNICEF Executive Director, Henrietta Fore, with its focus on job creation in Africa, where he emphasised the role the African youth plays in this narrative. President of South Africa and Co-Chair, TICAD, H.E. Cyril Ramaphosa corroborated Mr Elumelu\u2019s stance. He said: \u201cIf you want really good returns, as Mr Tony Elumelu said, come to Africa. Africa presents risk-adjusted returns and is a market in which investments are flowing at a hundred billion dollars - that is the new profile of Africa that is being presented to the world.\u201d Achim Steiner, UNDP Administrator praised Tony Elumelu's Private-Sector led approach to development in Africa. He said: "I want to refer to my dear friend and colleague Tony Elumelu because he alluded to the vital role that business can also play in investing in the future of the youth. These are the kinds of partnerships that will drive business and development agenda to very different heights in the future". Speaking on the potential of the African continent, Prime Minister Shinz\u014d Abe of Japan said: "In Africa, some countries have joined top nations in the ranking on the ease of doing business. The scale of the market continues to expand. We can envision a day when the entire continent of Africa becomes an enormous economic zone." Organised by the Japanese Government, TICAD is a three-yearly forum for advancing Africa\u2019s development through people, technology, and innovation, bringing together government, business leaders, companies and other stakeholders. The event hosted Presidents and private sector leaders including Prime Minister Shinz\u014d Abe of Japan; H.E. Mr. Muhammadu Buhari, President of Nigeria; H.E. Mr. Abdel-Fattah El-Sisi, President of Egypt and Chair of the African Union (AU); H.E. Mr. Cyril Ramaphosa, President of South Africa; and H.E. Mr. Paul Kagame, President of Rwanda and a host of other African Presidents.