Africapitalism is an economic philosophy: that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth.
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Africapitalism: Putting the Private Sector at the Forefront of African Development
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Nigerian Competitiveness Council Appoints Leading Investment Banker as Inaugural CEO
”Council a critical catalyst for transforming Nigeria’s business environment and this appointment is an important step closer to demonstrating that Nigeria is open for business” – President Jonathan. Abuja, Nigeria, September 2013 – President Goodluck Jonathan said Nigeria’s business competitiveness and ability to attract local and international investment will be significantly enhanced with the appointment …
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Africa’s homegrown diplomas can be an asset – Survey
An early 2013 study by the African Management Initiative, a project backed by the Association of African Business Schools (AABS) and the Tony Elumelu Foundation, found that only 13 African business schools are accredited internationally. Submit Cancel Thanks for your feedback!
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Tony Elumelu Foundation Increases Grant For Tech Startups In Nigeria
VENTURES AFRICA – Heirs Holdings Chairman and founder of the Tony Elumelu Foundation (TEF), Tony Elumelu, says his foundation will increase the number of annual grants made available to start-ups who develop local content applications, which solve Africa’s challenges, from 20 to 50. Submit Cancel Thanks for your feedback!
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Tony O. Elumelu Supports The Future Awards Africa Prize for 5 years | Hosts African Young Person of the Year Honourees
In another big move, one of Africa’s most influential entrepreneurs, Tony O. Elumelu (CON) has announced a 5-year endowment (support package) of The Future Africa Awards prizes. Recognized by the World Bank last year as ‘The Nobel Prize for Young Africans‘, The Future Awards Africa, which is in its 8th season, is presented in partnership …
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Kick-starting Africa’s SME sector
Small and medium sized enterprises (SMEs) are essential to growing African employment and GDP. In high-income countries, SMEs represent a high share of economic activity, a large share of employment, and bring informal business activity into the formal economy. Yet, a severe lack of financing is limiting the ability of African SMEs to grow and …
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Kick-starting Africa’s SME sector
Small and medium sized enterprises (SMEs) are essential to growing African employment and GDP. In high-income countries, SMEs represent a high share of economic activity, a large share of employment, and bring informal business activity into the formal economy. Yet, a severe lack of financing is limiting the ability of African SMEs to grow and …
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The New York Times: Powering Africa
<em>After President Obama’s visit to Tanzania, where the Power Africa initiative was launched, the New York Times’ editorial board says his plan to bring electricity to millions of Africans is promising, but the outcome depends on how it is carried out and whether it is sustained.</em> President Obama’s “Power Africa” initiative, unveiled during his recent …
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In Africa, the best ‘charity’ is aid for business
Aid for business in Africa – In this article, which appeared in the Christian Science Monitor, Tony O. Elumelu asserts that the traditional approach to solving Africa’s problems through aid has created a cycle of dependency. A better approach, he says, is to use donor subsidies to fund private, for-profit ventures. Submit Cancel Thanks for …
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Nigerian banker says African billionaires’ ventures must aid poor
African billionaires should step up their giving, but should ensure that their money delivers change to ordinary citizens Submit Cancel Thanks for your feedback!
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