Before I visited his country, a colleague from Nigeria described to me how an up-and-coming Nigerian youth shared the same interests as youngsters in developed countries: they want to have i-pads, use social networks, and so on – as everybody else. Yes, I’m aware that this is just one part of the Nigerian society. Not […]
Top Companies in Africa
The Africa Report just published their list of top-500 African companies. This ranking is based on turnover (2014 data), and it includes companies operating in Africa whether they are homegrown or multinational affiliates. Some highlights (refer to the tables below): Top-10 companies in Africa: There hasn’t been much variation relative to last year: Sanlam, a […]
Indian-African Relations
These days I’m working on a new case for class teaching. It’s about an Indian start-up in the telecom service sector. It’s one of these “born-global” companies that expand to other countries early in their life. Created in 2010, this start-up operates in seven countries other than India. Out of the seven, five are sub-Saharan […]
Google Plans to Invest in Kenya
A piece of news I read in Wired grabbed my attention: Google plans to acquire Vestas’ 12.5% share in what will be Africa’s largest wind farm – Lake Turkana Wind Power (LTWP), in Kenya. Energy is a key input for Google’s business – they need to ensure reliable provision. This investment may be a sign […]
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Africapitalism: Capitalism with African Values
Africapitalism is not a play on words: it’s an economic philosophy developed by Tony Elumelu, a Nigerian visionary entrepreneur and philanthropist. His philosophy represents the private sector’s commitment to the economic transformation of Africa through long-term investment that generates both economic prosperity and social value. The Tony Elumelu Foundation promotes this philosophy through the Africapitalism Institute, one […]
