Wednesday, May 30, 2012

Why African Philanthropists Seek 'Africapitalism'

Tony Elumelu

Africa, the second largest continent, is in a fix. It is rich in natural resources. It has a relatively young population, but years after it shook off the last colonialist, it is up to its neck in aid. It still has big problems stemming from a failure of governance, and it has the world's poorest people.

African philanthropists are working to clean up the mess, using hundreds of millions of dollars of their own money to transform Africa both socially and economically.

More details here...

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