The term Africapitalism was coined by the Nigerian entrepreneur and economist Tony O. Elumelu CON, in 2016.
To enable one understand the philosophy behind the term Africapitalism, they should have a knowledge of what capitalism is all about.
Capitalism is an economic and political system in which a country’s trade, and industry are controlled by private owners for profit.
To address the question, what is Africapitalism ?
Africapitalism is an economic philosophy that consists of the private sectors commitment, to the economic change of Africa through investments that produce both economic prosperity and social wealth.