Research Article

Will Africapitalism work?

Published in: Africa Journal of Management
Volume 6 , issue 4 , 2020 , pages: 419–434

DOI: 10.1080/23322373.2020.1830697

Author(s): Emmanuel Adegbite , UK , Olabisi Daodu , UK , Jacob Wood , Singapore

Keywords: Africapitalism , Africa , capitalism , Anglo-American model , business ethical framework , Ubuntu , shared value , critique , Africapitalism , Africa , capitalism , Anglo-American model , business ethical framework , Ubuntu , shared value , critique

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Abstract

Africapitalism suggests a refined capitalist system aimed at achieving collective good unlike the shareholder value maximization model of Anglo-American capitalism. It emphasizes 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.

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