Will Africapitalism Work?

Abstract

Africapitalism suggests a refined capitalist system aimed at achieving collective good unlike the shareholder value maximisation model of Anglo-American capitalism. It emphasises the obligations of the private sector in Africa to pursue socio-economic development. Despite these proposed benefits, this paper queries the functionality of such capitalism. It presents six major criticisms of Africapitalism and argues for a more realistic approach to African development.

Keywords: Africapitalism, Africa, Capitalism, Anglo-American model, Business ethical framework, Ubuntu; Shared value, Critique