Nigerian Billionaires Tony Elumelu& Aliko Dangote Launch African Energy Leaders Group in Davos

Nigerian billionaires Tony Elumelu and Aliko Dangote according to Forbes have launched the African Energy Leaders Group at the World Economic Forum in Daovs.

Excerpt:

Speaking at a high profile panel on energy at the 2015 annual meeting for the World Economic Forum in Davos, Switzerland, Nigerian billionaire and philanthropist Tony Elumelu emphasized the key priority for 2015 for Africa as “policy, policy, policy”.

Launching the African Energy Leaders Group (AELG), a multi-stakeholder advocacy group that aims to address Africa’s power deficiency; the continent has approximately 620 million people without electricity.

Mr. Elumelu said “investors in this space are rational. The risks are huge; the capital requirements are equally huge. If you want to invest in this space, you have to first survey the environment beyond economics; policy, stability, enforceability of rules, the nature of the regulatory framework. If the right policies are in place, investors and financiers will be encouraged to invest.”

Read more: Billionaires Tony Elumelu And Aliko Dangote Launch The African Energy Leaders Group At The World Economic Forum

Photo Credit: Forbes