Press

Why Africa’s private sector should embrace global anti-poverty agenda

Monday, November 9th, 2015

By Richard Kiplagat The African private sector has a clear and crucial role to play in supporting the push to mainstream the United Nations Sustainable Development Goals, adopted recently in New York. The private sector can do this by turning them from an aspirational wish-list to an inclusive and transformative approach to economic development. After all, many […]

A New Economic Philosophy for Africa

Monday, November 2nd, 2015

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 in Africa. Back in 2011, a number of books and articles proclaimed that Africa was emerging as a major player in the world economy. Four years later, the continent’s GDP […]

Why Africa needs capitalism that is aligned with its development needs

Tuesday, October 20th, 2015

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 profits that […]

GIBS Centre for Dynamic Markets team wins coveted Africapitalism award

Thursday, September 17th, 2015

The Centre for Dynamic Markets (CDM) at the University of Pretoria’s Gordon Institute of Business Science (GIBS), has won the coveted Tony Elumelu Foundation Africapitalism Award for the Best Teaching Case Study on Sustainable Business in Africa at the sub-Saharan chapter’s annual Academy of International Business (AIB) Conference. The three-day Conference was held at GIBS […]

“Understanding Elumelu’s Africapitalism” – Olusegun Adeniyi’s review of ‘Africans Investing in Africa’

Thursday, September 10th, 2015

By Olusegun Adeniyi Ever since the Chairman of the United Bank for Africa (UBA), Mr Tony Elumelu, began to proclaim his Africapitalism phrase, I had developed a cynical disposition to what I saw as another meaningless jargon. While I share in the ideal that African businessmen with immense financial capital should help with long-term investments […]

For Africa by Africa – A Review of “Africans Investing in Africa” by Tolu Ogunlesi

Monday, August 17th, 2015

“Africa Rising” is easily the most important story emerging from sub-Saharan Africa this century – more significant, in my opinion, than political unrest, terrorist threats, power hungry dictators, and the prospects of debilitating diseases. A combination of rising commodity prices, improving democratic and governance practices, and the adoption of technology, have helped many sub-Saharan African […]

Engaging Africapitalism and Africa’s Economic Future, By Moses E. Ochonu

Monday, August 17th, 2015

By Moses E. Ochonu   I recently returned from the Africapitalism scholars’ retreat organized by the Africacapitalism Institute of the Tony Elumelu Foundation. Since then I have been reflecting on the implications of the concept of Africapitalism for Africa’s economic development and for the broader debate about how to create and democratize wealth on the […]

Entrepreneurs and Philosopher Kings for Africapitalism – Jibrin Ibrahim

Tuesday, August 4th, 2015

By Jibrin Ibrahim I spent last week in Calabar discussing principles of “Africapitalism” with a group of economists, entrepreneurs and social scientists convened by a capitalist called Tony Elumelu. Initially I wanted to decline the invitation because of the damage associating with capitalists could do to my street credibility. I have spent a good deal […]

Tony Elumelu Foundation Releases Most Comprehensive Study on African Entrepreneurship Ever Conducted

Monday, July 27th, 2015

27 July 2015, Nairobi, Kenya — The research and policy arm of the Tony Elumelu Foundation, the Africapitalism Institute, released a groundbreaking study on Africa’s entrepreneurial ecosystem at the sixth Global Entrepreneurship Summit in Kenya where President Obama gave the keynote address. The 86-page report, titled Unleashing Africa’s Entrepreneurs, based on original research leveraging the […]

Tony Elumelu Foundation and Durham University Co-Host First-Ever Academic Conference on ‘Africapitalism’

Wednesday, July 22nd, 2015

LAGOS, NIGERIA – The Tony Elumelu Foundation’s Africapitalism Institute and Durham University Business School, one of the oldest universities in the United Kingdom, co-hosted a day-long academic symposium on the economic philosophy called “Africapitalism” at the Foundation’s headquarters in Lagos. Africapitalism – the belief that the private sector must play a leading role in Africa’s […]