All forms of capitalism, including Africapitalism, ultimately, depend on the devaluation and exploitation of essential domestic labour, which women still perform almost exclusively in Africa.
First conceptualized by Nigerian billionaire, Tony O. Elumelu, in 2011, ‘Africapitalism’ has been as an economic philosophy that embodies the private sector’s commitment to the economic transformation of Africa through investments. It is an ideology to pay attention to, because of how it is shaping the landscape of business and investment in Africa. Kenneth Amaeshi, the director of the Sustainable Business Initiative at the University of Edinburgh, calls Africapitalism a creative push back on the ways global capitalism seeks to extract value from the African continent with no concern for the global distribution of wealth. But just like most other forms of capitalism, Africapitalism’s key principle, on paper, is entrepreneurship.
Amaeshi was one among the diverse pool of scholars Elumelu...
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