Nigeria, March 23 -- The chairman of United Bank for Africa and Transnational Corporation of Nigeria, Tony Elumelu, has said his foundation, the Tony Elumelu Foundation, has disbursed more than $100 million in seed capital to over 24,000 Africans through its entrepreneurship programme over the last 16 years.

Mr Elumelu, who made the declaration in an annual letter posted on Facebook on Monday and written on the occasion of his birthday, highlighted how the philanthropic initiative he and his wife conceived in 2010 has helped many young entrepreneurs create value while driving economic transformation across the continent.

"In a world filled with uncertainty, we made a deliberate choice - year after year - to plant certainty in the lives ...