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21st September, 20206:58 AM

Asked on 25th July, 2020

What is Africapitalism?

1 Answer



Tutu's Lead

1 month ago

1 month ago

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.

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