Afr­icap­i­tal­ism, Gov­er­nance & Sus­tain­abil­ity

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THIS AR­TI­CLE MAKES VERY in­ter­est­ing read­ing in terms of its own premises and its at­tempts to ex­pand the in­tel­lec­tual and cul­tural ground­ing of Afr­icap­i­tal­ism. This it does through the in­vo­ca­tion and ap­pli­ca­tion

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. While the idea of Afr­icap­i­tal­ism en­ables a cre­ative space for re­think­ing busi­ness-so­ci­ety re­la­tion­ship from a de­vel­op­ment per­spec­tive in Africa, the fail­ure to clar­ify what un­der­pins the idea and how it dif­fers from sim­i­lar other western con­structs po­ten­tially lim­its both its an­a­lyt­i­cal and prac­ti­cal use­ful­ness. This pa­per at­tempts to ad­dress this gap in the emerg­ing lit­er­a­ture by seek­ing to ini­ti­ate a con­ver­sa­tion around the set of val­ues that might un­der­pin the con­cept. It also ex­plores the im­pli­ca­tions of Afr­icap­i­tal­ism for man­age­ment in Africa.

Ken­neth Amaeshi & Uwafiokun Ide­mu­dia

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