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Tony Elumelu Foundation appoints new CEO

Tony Elumelu Foundation, a prominent charitable organisation that empowers young African entrepreneurs, has selected Somachi Chris-Asoluka as its new chief executive officer, following the retirement of Ifeyinwa Ugochukwu.Information Guide Nigeria

According to a statement made by the foundation, the appointment will begin on March 1, 2023.


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Chris-Asoluka joined the foundation in 2014, having previously served as the Foundation’s director of research, director of policy, and external relations, and, most recently, director of partnerships and communications.

In her new position as chief executive officer, she would utilise her knowledge, experience, and network to give strategic leadership in consolidating and expanding the Foundation’s efforts to improve Africa via entrepreneurship.JAMB Result

Speaking on the appointment, Tony Elumelu, said, “This is an important time for the Foundation and Africa.  Our work is ever more important, and our platform is demonstrating our ability to truly catalyse change.  We are increasingly working with partners, to magnify our impact,

He remarked that her experience in partnership formation would be especially pertinent. As the Foundation’s director of partnerships and communications, Chris-Asoluka displayed outstanding leadership, dedication, and strategic thinking in achieving its purpose to improve Africa. He stated that she is the ideal option to expand on Ugochukwu’s significant contribution.
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Elumelu added, “On behalf of the board, I also thank Ugochukwu, for her considerable achievements, significant sacrifice, and commitment to building and empowering the next generation of African business leaders.  The Foundation, since inception, has been led by a succession of dynamic and diverse CEOs, who have each brought passion, commitment, and innovation.”Jamb Portal

He added, “As the tenure of Ifeyinwa draws to a close, I look back on the last five years and pay tribute to the impact she has made, first as Director of Partnerships, and later as the Chief Executive Officer.”NYSC Portal

Speaking, Ifeyinwa said, “Over the last five years, the Tony Elumelu Foundation has significantly expanded its mission to empower African Entrepreneurs across all 54 African Countries.”

In particular, the Foundation has grown its partnership capability, opening its platform and process to third parties, who share in our commitment to growing the African entrepreneurial ecosystem, and transforming Africa by empowering entrepreneurs.”

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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