By Lawrence Mbae Without strong industries to create jobs and add value to raw materials, African countries risk remaining shackled by joblessness and poverty. Côte d’Ivoire and Ghana produce 53percent of the world’s cocoa. But the supermarket shelves in Abidjan and Accra, their respective capitals, are stacked with chocolates imported from Switzerland and the UK, …

Tony O. Elumelu is a respected African voice. The private sector, national governments and development agencies should work together to achieve long-term impact that creates economic prosperity and social wealth for all, urges the father of “Africapitalism”. [wpfilebase tag=file id=8 tpl=simple /] Submit Cancel Thanks for your feedback!

On Saturday, 22 February 2014, Tony O. Elumelu, CON, received the Investor of the Year Award, presented by The Sun. The award recognizes his contribution to the growth of the Nigerian economy, highlighting his “remarkable” $2.5 billion commitment to the Power Africa initiative.  We send a hearty congratulations to a courageous African investor and leader, whose …

The spirit of entrepreneurialism, with its promise or reduced youth unemployment and economic renewal, is certainly gathering steam across Africa. But true entrepreneurship-led transformation will require a mindset shift amongst Africa’s small business owners. Submit Cancel Thanks for your feedback!

Like Mr. Elumelu, other top African philanthropists also appear to be changing tactics, focusing on investments in areas likely to accelerate Africa’s prosperity in addition to their interventions in humanitarian crises such as floods. Submit Cancel Thanks for your feedback!

(CNN) — The economic performance of Africa in the last few years has been remarkable. The continent has consistently defied the global trend. Five years after the global financial system came perilously close to collapse, the global economic outlook is still uncertain. In Europe, GDP is still below pre-crisis levels and unemployment is at a …

Kayode Komolafe’s dissection of Africapitalism  in his ‘THE HORIZON’ column of THISDAY of October 23, 2014 as espoused by our own Tony Elumelu makes an interesting reading. It was a beautiful rendition from a cerebral mind. But unfortunately, his analytical depths of what constitutes Africapitalism qualify for a necessary, but certainly not sufficient condition for …