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The Lions Driving the Development of Africa

In: The Rise of the African Multinational Enterprise (AMNE)

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  • Ebimo Amungo

    (Amungo Consulting Limited)

Abstract

Economic development in Africa had stagnated for several decades but since the turn of the new millennium there has been a resurgence in growth as African private enterprises took a greater role in the economy. In a period that saw Africa shunned by MNCs, African Lions did the heavy lifting of providing goods and services to the African consumer. The contributions of African Lions have permeated every sector as they have played an impactful role in improving food security, industrializing and integrating the continent, increasing intra-African trade and FDI and diversifying the economies of several African countries.

Suggested Citation

  • Ebimo Amungo, 2020. "The Lions Driving the Development of Africa," Management for Professionals, in: The Rise of the African Multinational Enterprise (AMNE), chapter 11, pages 209-238, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-33096-5_11
    DOI: 10.1007/978-3-030-33096-5_11
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