Originally published here Africans have long engaged in capitalist economic transactions. But the type of capitalism introduced by colonialists has not always been aligned with the needs of Africans. It remains overly informed and driven by agendas set outside the continent. These agendas primarily see Africa as a market for exploitation and are obsessed by the …
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Why Africa Needs Capitalism That is Aligned With its Development Needs
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Africapitalism, African Business Leaders and Africa’s Development
Originally published on business-school.ed.ac.uk What does Africapitalism mean? What can it mean? How can it inform business decisions and government policies? Should business leaders and policymakers in African countries be involved in Africapitalism? Can they tell us their stories? Will they tell us their stories? What will their stories be? This was the main aim …
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Africapitalism: Unleashing the Power of Emotions for Africa’s Development?
Africapitalism – “an economic philosophy that embodies the private sector’s commitment to the economic transformation of Africa through investments that generate both economic prosperity and social wealth” – is an emerging business philosophy from Africa spearheaded by one of the continent’s leading entrepreneurs, Mr Tony Elumelu. From my experience of interacting with business leaders, especially those …
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Africapitalism: Capitalism With African Values
By África M. Arino Originally published here Africapitalism is not a play on words: it’s an economic philosophy developed by Tony Elumelu, a Nigerian visionary entrepreneur and philanthropist. His philosophy represents the private sector’s commitment to the economic transformation of Africa through long-term investment that generates both economic prosperity and social value. The Tony Elumelu Foundation promotes this philosophy through the Africapitalism Institute, …
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A New Economic Philosophy for Africa
By Kenneth Amaeshi First published business-school.ed.ac.uk Professor Kenneth Amaeshi writes about why Africa needs society-minded entrepreneurs, not glitzy projects, and how the economic philosophy of Africapitalism can guide the way There is a growing interest in entrepreneurs as the solution to contemporary global challenges—climate change, poverty, and disease. This view of entrepreneurs is also awash …
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Africapitalism: A Management Idea for Business in Africa?
By Kenneth Amaeshi & Uwafiokun Idemudia The efforts to rethink the role of business in development, especially in developing countries, have facilitated the emergence of an array of concepts. Africapitalism – i.e. the private sector’s commitment to the socio-economic development of Africa – proposed and championed by Mr. Tony O. Elumelu, is the most recent addition. …
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TEF Mentor, Kent Ford Takes us Through his Entrepreneurship & Mentorship Journey
Entrepreneurs are made not born. It is part of a deeply held cultural belief that the qualities that make up entrepreneurs, like creativity, ingenuity, and passion, are the result of innate personal qualities. Although there is some truth to this, it is not the whole story. In fact, belief in this half-story may be the reason …
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How Profitable Can Agriculture be? Meet Mavis Nduchwa
From an undergraduate study in real estate and hospitality to a career as a TV presenter and now Farmer, Botswana’s Mavis Nduchwa, 34 has straddled several hats. She had an early start in her journey to entrepreneurship from high school, where she sold sweets to fellow students, helped students write their essays and letters for …
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Empower Africa’s Youth, Elumelu Says at the Obama Summit
African philanthropist and investor, Tony O. Elumelu, joined other global civic leaders at the inaugural Summit organised by the Obama Foundation to discuss innovative ideas and creative solutions to solve the world’s most challenging social problems. The two-day immersive event, which held October 31 – November 1, 2017 in Chicago, United States, inspired and empowered participants to …
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MyRide Africa: Where Technology Meets Matatu
In Kenya, matatu (or matatus) are privately owned minibuses. Often decorated, many matatu feature portraits of famous people or slogans and sayings. Likewise, the music they play is also aimed at quickly attracting riders. These minibuses ply set routes, run from termini, and are used for both inter- and intra-city travel. One organization is changing …
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