This significant shift by young Africans, demonstrating their capacity to innovate and launch businesses of their own, leads us to Africapitalism, the economic philosophy associated with Nigerian entrepreneur and philanthropist Tony Elumelu. The philosophy is simple: Africans must play a central role in creating Africa’s economic prosperity. At its heart is the belief that Africa’s private sector can drive economic and social development by creating long-term economic value and social wealth on the continent.
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