Africapitalism
Rethinking the Role of Business in Africa

Analyses and applies the Africapitalism philosophy to economic prosperity and social wealth in Africa, presenting a new approach to Africa's development.

Kenneth Amaeshi (Edited by), Adun Okupe (Edited by), Uwafiokun Idemudia (Edited by)

9781107160705, Cambridge University Press

Hardback, published 7 June 2018

310 pages
23.5 x 15.7 x 2.1 cm, 0.58 kg

'African societies have too often been interpreted and shaped through the eyes of other parts of the world. This is now being challenged by African social scientists and entrepreneurs, a major result of which is the idea of Africapitalism - a form of capitalism that responds to community rather than individualistic values. How viable is this? Is it a new contribution to study of the diversity of capitalism? Will it enable African economies to break out of their dependent role in world trade and innovation? The contributors to this original and path-breaking book subject these and related questions to constructively critical attention, with implications of interest to scholars and economic and political decision makers in all parts of the world.' Colin Crouch, Emeritus Professor, University of Warwick

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.

Foreword Tony O. Elumelu
1. Introduction Uwafiokun Idemudia, Kenneth Amaeshi and Adun Okupe
2. Africapitalism: a management idea for business in Africa? Kenneth Amaeshi and Uwafiokun Idemudia
3. Business elites to the rescue! Reframing capitalism and constructing an expert identity: implications for Africapitalism George Ferns, Adun Okupe and Kenneth Amaeshi
4. Africapitalism and corporate governance Emmanuel Adegbite, Franklin Nakpodia, Konan A. Seny Kan and Olorunfemi Onakoya
5. Rethinking human capital development in Africa: towards an Africapitalism perspective Aminu Mamman, Ken Kamoche and Hamza B. Zakaria
6. Africapitalism and corporate branding Tayo Otubanjo
7. Who is an Africapitalist? Reimagining private sector leadership in Africa Adun Okupe and Kenneth Amaeshi
8. Social entrepreneurship and Africapitalism – exploring the connections Diane Holt and David Littlewood
9. Foreign investors and Africapitalism: the case for Chinese foreign direct investment in Africa Amon Chizema and Nceku Nyathi
10. Good African coffee: adding value and driving community development in Uganda Lyal White and Adrian Kitimbo
11. Reflections on Africapitalism and management education in Africa Stella M. Nkomo.

Subject Areas: International business [KJK], Development economics & emerging economies [KCM], Development studies [GTF]