27 March 2014

Dr Kenneth Amaeshi has received funding from the Tony Elumelu Foundation to look into deepening the intellectual foundations of Africapitalism. The Tony Elumelu Foundation is an African-based, African-funded philanthropic organisation. Founded in 2010, their mission is to support entrepreneurship in Africa by enhancing the competitiveness of the African private sector.
Africapitalism project - image of Business School

This project has just kicked off and a Research Fellow is being recruited to work alongside Dr Amaeshi. The project is an international partnership involving: Lagos Business School; Strathmore Business School; University of Loughborough; University of Nottingham; York University;University of Durham; University of Cape Town; and University of Grand-Bassam.

The first phase will seek to ground Africapitalism in the extant academic literature. It will identify the uniqueness of Africapitalism, and how it differs from other competing ideas and forms of capitalism. The outcome will inform the first conference in Edinburgh will also provide a robust basis for the subsequent fieldwork in Nigeria, Cote d’Ivoire, Kenya, and South Africa.

The second phase will identify and study companies and entrepreneurs engaged in Africapitalism, even if they do not currently label their practices as such. The fieldwork will seek to: 'understand how Africapitalism is enacted in practice, and how it shapes strategic business and policy decisions'. This will lead to the production of a number of case studies, which will then inform a dissemination event.

Africapitalism: (def) The private sector’s commitment to Africa’s development through long-term investment in strategic sectors of the economy that create economic prosperity and social wealth.