Africapitalism. It is a deceptively simple notion, but a powerful one that has the potential to remake a continent, and put Africa on an equal economic footing with the rest of the world. Africa is capitalism's final frontier, and as such it offers boundless economic opportunity -- not just for investors and entrepreneurs to build successful businesses, but also for economic growth to solve many of the continent's most pressing social challenges. That is the heart of Africapitalism: long-term investment that creates economic prosperity (a commercial objective), as well as social wealth -- a private sector approach to solving some of Africa's most intractable development problems.
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- Copyright 2013 Tony Elumelu Foundation.
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