Africapitalism: Rethinking the Role of Business in Africa.

• Author: Kolasa, Matthew C.

Amaeshi, Kenneth, Adun Okupe, and Uwafiokun Idemudia, eds. Africapitalism: Rethinking the Role of Business in Africa. Cambridge, UK: Cambridge University Press, 2018.

In Africapitalism: Rethinking the Role of Business in Africa, editors Kenneth Amaeshi and Adun Okupe, at the University of Edinburgh, and Uwafiokun Idemudia, at York University in Toronto, support the new economic philosophy of Africapitalism (a term coined by Nigerian economist Tony Elumelu, who wrote the books foreword). Attesting to the relevance of Elumelu's contributions and ideas, Time magazine named him one of the world s one hundred most influential people in 2020. This creative and well-written interdisciplinary collection of eleven essays brings African voices from around the globe to the fore. Africapitalism, a uniquely African approach to developing economies, involves the interconnectivity of stakeholders, social welfare, and communities. It seeks to maximize profits while improving employee, consumer, and national outcomes with a sense of community and patriotism.

The authors begin by assessing African economies. Underdeveloped institutions and...