Nigerian billionaire TONY ELUMELU pledges to invest Ksh 129 billion in Kenya after meeting RUTO at State House Nairobi

We Are Shaping A New Era – President Ruto Declares As Tony Elumelu Commits $1B To Kenya’s Infrastructure

President William Samoei Ruto has hailed Nigerian billionaire and philanthropist Tony Elumelu for his commitment to Africa’s development, describing his $1 billion investment pledge to Kenya as a defining moment in the country’s transformation journey. Speaking on Tuesday, November 12, 2025, at State House, Nairobi, after receiving Elumelu and his delegation, President Ruto said the partnership between Kenya’s public sector and the private secto…

Nigerian billionaire TONY ELUMELU pledges to invest Ksh 129 billion in Kenya after meeting RUTO at State House Nairobi

Wednesday, November 12, 2025 - President William Ruto has announced a landmark investment commitment from Nigerian billionaire, Tony Elumelu, following a high-level meeting at State House, Nairobi, on Wednesday, November 12th, 2025.Elumelu, Chairman of United Bank for Africa (UBA) and Heirs Holdings Group, pledged $1 billion (approximately Ksh129 billion) to support Kenya’s infrastructure development.The investment is expected to boost key secto…

President Ruto Hails Elumelu's Commitment Of $1bn For Infrastructure Development In Kenya

President Ruto Hails Elumelu’s Commitment Of $1bn For Infrastructure Development In Kenya President William Samoei Ruto has disclosed that Tony Elumelu’s Commitment of $1 billon towards infrastructure development in Kenya was more than an act of financial investment. The Keyan President made the remarks when he received the respected business leader and his delegation at State House in Nairobi today, November 12, 2025. Mr Elumelu is the Group Ch…