Africapitalism: A Management Idea for Business in Africa?

African Journal of Management 1(2): 210-223, 2015

22 Pages Posted: 9 Aug 2015 Last revised: 11 Aug 2015

See all articles by Kenneth Amaeshi

Kenneth Amaeshi

University of Edinburgh Business School; Cranfield University - School of Management

Uwafiokun Idemudia


Date Written: June 11, 2015


The efforts to rethink the role of business in development, especially in developing countries, have facilitated the emergence of an array of concepts. Africapitalism – i.e. the private sector's commitment to the socio-economic development of Africa – proposed and championed by Mr. Tony O. Elumelu, is the most recent addition. While the idea of Africapitalism enables a creative space for rethinking business-society relationship from a development perspective in Africa, the failure to clarify what underpins the idea and how it differs from similar other western constructs potentially limits both its analytical and practical usefulness. This paper attempts to address this gap in the emerging literature by seeking to initiate a conversation around the set of values that might underpin the concept. It also explores the implications of Africapitalism for management in Africa.

Keywords: Africapitalism; business; development; Africa; social responsibility

JEL Classification: P51, P12, O55

Suggested Citation

Amaeshi, Kenneth and Idemudia, Uwafiokun, Africapitalism: A Management Idea for Business in Africa? (June 11, 2015). African Journal of Management 1(2): 210-223, 2015, Available at SSRN:

Kenneth Amaeshi (Contact Author)

University of Edinburgh Business School ( email )

29 Buccleuch Place
Central Area
Edinburgh, Scotland EH8 9JS
United Kingdom

HOME PAGE: http://

Cranfield University - School of Management ( email )

Bedfordshire, MK43 0AL
United Kingdom

Uwafiokun Idemudia


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