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Africapitalism: Rethinking the Role of Business in Africa
April 5, 2018
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Promoting a positive change in approach and outlook towards development in Africa, this book consolidates research and insights into the Africapitalism movement.

The Sustainable Business Initiative (SBI) is delighted to be publishing a new book in May 2018 – Africapitalism: Rethinking the Role of Business in Africa. The book, edited by Prof Kenneth Amaeshi, Dr Adun Okupe and Dr Uwafiokun Idemudia, is a culmination of the Africapitalism research project funded by the Tony Elumelu Foundation.

View and purchase this book on the Cambridge University Press website

Overview of the book

Africa is on the rise. Enabled by natural resources, commodity trading and the recent discovery of Africa as the last frontier of capitalism by the global market, African entrepreneurs are now being empowered as economic change agents. How can this new economic elite engage in the sustainable development of the continent? ‘Africapitalism’, the term coined by Nigerian economist Tony O. Elumelu, describes an economic philosophy embodying the private sector’s commitment to the economic transformation of Africa through investments generating economic prosperity and social wealth. The concept has attracted significant attention in both business and policy circles. Promoting a positive change in approach and outlook towards development in Africa, this book consolidates research and insights into the Africapitalism movement, and will appeal to scholars, researchers and graduate students of Africa studies, international business, business and society, corporate social responsibility, strategic management, economic thought, international political economy, leadership and development studies.

Overall, the book consolidates research into the economic philosophy of Africapitalism, a term coined by Tony O. Elumelu, whilst exploring its outlook on the continent’s economic and social development. It was edited by a global team and contributors who study Africa’s economic and social development in a range of disciplines, including management, political economy, development studies and law. Finally, it makes a key contribution to the burgeoning scholarship on African development.