Nigerian oil tycoon Wale Tinubu says Africa must stop begging for foreign capital and fund its own energy future
Billionaires Africa | 19.05.2026 18:36
Wale Tinubu has a word for how Africa has been financing its own development, and the word is not working. The Oando Group chief executive used a recent Reuters interview to make the argument plainly: Africa cannot keep outsourcing its financial future to European banks and international institutions that are retreating from hydrocarbon exposure, and it needs to organize its own capital at scale before someone else captures the value that belongs on the continent.
