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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 […]

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Africapitalism Institute holds retreat in Calabar

Tuesday, August 11th, 2015

From 30th July to 2nd August, the Tony Elumelu Foundation’s Africapitalism Institute hosted a unique, exclusive gathering of some of the most prominent Africa scholars to contribute in developing a framework for a new African growth story based on the emerging economic philosophy known as “Africapitalism”. Africapitalism is the belief that Africa’s private sector must play […]

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After nearly 60 years, cocoa king Ivory Coast finally opens a chocolate factory

Wednesday, May 20th, 2015

Ivory Coast, the world’s largest cocoa producer, inaugurated its first industrial-scale chocolate factory on Monday, aiming to stimulate and support growing local consumption of the sweet treat. Although the West African country has made cocoa its economic engine since it became independent from France in 1960, chocolate has not traditionally been part of national diets. “We […]

AU-ECA, Conference of Ministers 2015 Addis Ababa, Ethiopia

Africapitalism Institute at AU panel on data revolution in Africa

Thursday, April 9th, 2015

The Africapitalism Institute took part in a Conference on Data Revolution in Africa which held between 27-29 March, 2015 in Addis Ababa, Ethiopia. The event was organized by the African Union Commission (AUC), in partnership with the African Development Bank, the Economic Commission for Africa and the United Nations Development Programme (UNDP), with the aim […]

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Economic Report on Africa 2015: Industrializing Through Trade

Monday, March 30th, 2015

Executive Summary Africa’s growth continued to increase rising from 3.7 per cent in 2013 to 3.9 per cent in 2014. The performance was underpinned by improved macroeconomic management, diversified trade and investment ties with emerging economies among other factors. Africa’s social development indicators reveal the weakness of the observed economic performance: high unemployment and poverty […]

Election officials count ballots papers at the end of voting in one of the polling stations in Yola, Nigeria. Photo credit: Sunday Alamba

Good Governance Keeps Renaissance On Track

Monday, March 30th, 2015

Free, fair and well-managed elections will increase confidence in Africa’s political class, its politics, people and economies, says Tony Elumelu. Johannesburg – I am optimistic about Africa and its future. I strongly believe a new Africa has begun to emerge, although one cannot dismiss the odd hurdle and challenge along the way. What’s come to […]

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Why Should Africans Invest in Africa?

Thursday, March 26th, 2015

  The decision to invest is guided mostly by profits, security of investments, stable polity and policies, proximity to markets, labour supply, availability of credit, stable economic policies and more. Currently, Africa cannot fulfill all of these investment criteria. Notwithstanding, Africa has been referred to as an emerging economy and described as a continent full […]

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Why a 15 Year Old Decided to Build Bikes from Bamboo in Ghana

Thursday, March 19th, 2015

At an African Leadership Academy event in Johannesburg last year, I asked a young Ghanaian entrepreneur, Winifred Selby, what motivated her to co-start Ghana Bamboo Bikes Initiative when she was just 15. The award winning company makes bicycles out of bamboo and has caught the attention of global organisations. Her answer? She was fed-up. Whilst at school […]

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The Elusive Quest for Inclusive Growth in Sub-Sahara African: Regional Challenges and Policy Options

Thursday, March 19th, 2015

Read the full paper here.

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New Report Touts Agrocorridors as Economic Driver

Friday, March 13th, 2015

FAO highlights ways large-scale development plans can foster inclusive, sustainable and transformative rural growth. Economic “agrocorridors” can be a strategic tool to draw private capital and large-scale investment to projects that benefit smallholder farmers and boost food security in lower-income countries, according to a new FAO report that provides guidance on how development planners can […]