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Ouma, Stefan:
Africapitalism.
In: Carmody, Pádraig ; Murphy, James T.
(Hrsg.):
Handbook of African Economic Development. -
Cheltenham, UK ; Northampton, MA, USA
: Edward Elgar Publishing
,
2024
. - S. 543-556
ISBN 978-1-80088-579-0
DOI: https://doi.org/10.4337/9781800885806.00050
Abstract
This contribution offers a critical engagement with Africapitalism, a concept popularized by Nigerian billionaire Tony Elumelu. It first contextualizes the concept and provides a brief history. It then moves on to discuss four questions that have hitherto received little discussion in the dedicated debate: How does Africapitalism square with other existing visions of Africa's economic future? Exactly what kind of critique of capitalism does Africapitalism offer? What kind of future does Africapitalism imagine, and what roles does it assign to the state, the citizenry and the private sector? How well positioned is the idea of Africapitalism to tackle Africa's most pressing problems?