Skip to main content

The Birth of the African Lions

  • Chapter
  • First Online:
The Rise of the African Multinational Enterprise (AMNE)

Part of the book series: Management for Professionals ((MANAGPROF))

  • 355 Accesses

Abstract

Entrepreneurship in Africa has passed through phases as private businesses have at different times been either stifled or encouraged. Through three distinct epochs, African founded firms struggled with politics and policy changes as countries transited from colonial to post-colonial and later through a post-structural adjustment and liberalization era. Today, several African Founded Firms have evolved from small and medium-sized businesses to multinationals companies. This transformation has been on the back of changes in policy, economic structure, demography and business climate that have catalyzed the resurgence of indigenous private investment in Africa.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 54.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 69.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Adam, C. S. (1999). Privatisation in Sub-Saharan Africa: Issues in regulation and the macroeconomics of transition. In African economies in transition (pp. 290–325). London: Palgrave Macmillan.

    Chapter  Google Scholar 

  • Akyeampong, E. (2018). African socialism; or, the search for an indigenous model of economic development? Economic History of Developing Regions, 33(1), 69–87.

    Article  Google Scholar 

  • Austin, G. (2010). African economic development and colonial legacies (Vol. 1, pp. 11–32). Geneva: Institut de Hautes Études Internationales et du Développement.

    Google Scholar 

  • Austin, G., Frankema, E., & Jerven, M. (2016). Patterns of manufacturing growth in Sub-Saharan Africa: From colonization to the present.

    Google Scholar 

  • Bell, R. T., & Madula, N. (2001). Where has all the growth gone? South African Manufacturing industry 1970–2001 (No. 21). National Institute for Economic Policy.

    Google Scholar 

  • Berg, E. (1999). Privatisation in sub-Saharan Africa: results, prospects, and new approaches. In African Economies in Transition (pp. 229–289). Palgrave Macmillan, London.

    Chapter  Google Scholar 

  • Bucheli, M., & Decker, S. (2012). Economic nationalism in Latin America and Africa in the twentieth century: a comparison. In Business History Conference, Philadelphia. Retrieved January 20, 2017, from http://www.worldbhc.org/files/fullpercent20program/A2_B2_DeckerBucheli2014EconomicnationalismLAandAfrica.pdf.

  • Chete, L. N., Adeoti, J. O., Adeyinka, F. M., & Ogundele, O. (2014). Industrial development and growth in Nigeria: Lessons and challenges (No. 2014/019). WIDER working paper.

    Google Scholar 

  • d’Almeida, A. F. (1985). La privatisation des entreprises publiques en Afrique au sud du Sahara. Le mois en Afrique: revue française d’études politiques africaines, 21(245–246), 55–70.

    Google Scholar 

  • Dinh, H. T., Palmade, V., Chandra, V., & Cossar, F. (2012). Light manufacturing in Africa: Targeted policies to enhance private investment and create jobs. Washington, DC: The World Bank.

    Book  Google Scholar 

  • Forrest, T., & Forrest, T. G. (1994). The advance of African capital: The growth of Nigerian private enterprise. Charlottesville: University of Virginia Press.

    Google Scholar 

  • Games, D. (2004). The experience of South African firms doing business in Africa: a preliminary survey and analysis.

    Google Scholar 

  • Herbst, J. (1990). The structural adjustment of politics in Africa. World Development, 18(7), 949–958.

    Article  Google Scholar 

  • Jones, G. G. (2010). Multinational strategies and developing countries in historical perspective. Harvard Business School Entrepreneurial Management Working Paper (10–076).

    Google Scholar 

  • Kilby, P. (1975). Manufacturing in colonial Africa. In L. H. Gann & P. Duignan (Eds.), Colonialism in Africa, 1870–1960 (The economics of colonialism, 1870–1960) (Vol. 4, pp. 470–520). Cambridge: Cambridge University Press.

    Google Scholar 

  • Makalou, O. (1999). Privatisation in Africa: A critical analysis. Washington, DC: World Bank.

    Google Scholar 

  • Mendes, A. P. F., Bertella, M. A., & Teixeira, R. F. (2014). Industrialization in sub-Saharan Africa and import substitution policy. Brazilian Journal of Political Economy, 34(1), 120–138.

    Article  Google Scholar 

  • Nellis, J. R. (1986). Public enterprises in sub-Saharan Africa (English). World Bank discussion papers; no. WDP 1. Washington, DC: The World Bank. Retrieved from http://documents.worldbank.org/curated/en/308151468742204094/Public-enterprises-in-sub-Saharan-Africa.

    Google Scholar 

  • Paulson, J. A., & Gavin, M. (1999). The changing role of the state in formerly-socialist economies of Africa. In African economies in transition (pp. 11–65). London: Palgrave Macmillan.

    Chapter  Google Scholar 

  • Pedersen, P. O., & McCormick, D. (1999). African business systems in a globalising world. Journal of Modern African Studies, 37(1), 109.

    Article  Google Scholar 

  • Ramachandran, V., Gelb, A. H., & Shah, M. K. (2009). Africa’s private sector: What’s wrong with the business environment and what to do about it. London: CGD Books.

    Google Scholar 

  • UNECA. (1971). The multinational corporation in Africa. Addis Ababa © UN. ECA. Retrieved from http://hdl.handle.net/10855/8941.

  • UNCTAD (1999). Foreign Direct Investment in Africa. Performance and Potential. https://unctad.org/en/Docs/poiteiitm15.pdf

  • Verhoef, G. (2017). The history of business in Africa: Complex discontinuity to emerging markets. Berlin: Springer.

    Book  Google Scholar 

  • Verhoef, G. (2018). Latecomer challenge: African multinationals from the periphery. In Globalization. London: IntechOpen.

    Google Scholar 

  • Wa Wambui, M. (2016). The Emergence of Multinational Corporations in Kenya. In A Discussion of the Internalization Theory.

    Google Scholar 

  • Wilkins, M. (1998). Multinational enterprises and economic change. Australian Economic History Review, 38(2), 103–134.

    Article  Google Scholar 

  • Zarenda, H. (2014). The policy of state intervention in the establishment and development of manufacturing industry in South Africa. Doctoral dissertation.

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Rights and permissions

Reprints and permissions

Copyright information

© 2020 Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Amungo, E. (2020). The Birth of the African Lions. In: The Rise of the African Multinational Enterprise (AMNE). Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-030-33096-5_6

Download citation

Publish with us

Policies and ethics