In a recent interview, African entrepreneur, Tony Elumelu spoke - TopicsExpress

In a recent interview, African entrepreneur, Tony Elumelu spoke about the rules of engagement for business in Africa emphasizing that Africa is open for business but not at any cost. “Africa’s economic history has been characterised by extractive industries and rent seeking practices that have not created development in any meaningful way. Africapitalism is simply saying there is a better and more ethical way to invest in Africa for a sustainable future. I would like to see both African and international investors review their strategies for Africa. Yes, we are open for business but not at any cost. Our rules of engagement have changed,” he said.

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