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Nigeria, Rwanda
Nigerian tycoon Tony Elumelu bets on Kigali for the continental expansion of his investment bank

Reading time 2 minutes

Tony Elumelu, owner of United Capital, in Washington on 15 October 2025.
Tony Elumelu, owner of United Capital, in Washington on 15 October 2025. © Brendan Smialowski/AFP

The banker behind United Capital has established a new entity within Rwanda's international financial centre, from which he intends to offer services and advisory work across the continent.

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