logo
episode-header-image
May 2023
18m 48s

Business Daily Meets: Tony Elumelu

Bbc World Service
About this episode

Nigeria's most well-known economist Tony Elumelu tells us why Africa needs to rethink it's relationship with business.

He explains "Africapitalism", the idea that the private sector can transform Africa's economy and society for the better.

He also discusses a number problems slowing economic growth in Africa, including young, well-educated people leaving for better opportunities elsewhere and a lack of investment in the tech sector.

Presenter / producer: Peter MacJob (Image: Tony Elumelu: Credit: Getty Images)

Up next
Yesterday
Spain's power blackout: what went wrong?
On the morning of the 28th of April, Spain lost electric power equivalent to that generated by ten nuclear plants, leaving the whole of the Iberian Peninsula, including Portugal and parts of France, without electricity for up to 12 hours. We examine the cause of the blackout that ... Show More
17m 28s
Aug 21
Business Daily meets: Spencer Horne
The South African entrepreneur tells us about his experience growing up under the apartheid regime, before securing a scholarship that would take him to Harvard University in the US.He's now returned home to set up Cloudline, an airship company which aims to deliver goods and car ... Show More
17m 29s
Aug 20
Are you a personality hire?
The trend has taken off on social media as it's resonated with office workers around the world. So what value does an extroverted colleague bring to a company? And is it fair, or even legal, for businesses to recruit for specific personality types?Produced and presented by Imran ... Show More
17m 28s
Recommended Episodes
May 2024
The Economy of South Africa
South Africa is an economy that is really important to understand as a kind of potential outcome case study of inequality gone bad. The nation itself, on paper at least is not so terrible, it is actually one of if not the wealthiest nation in all of Africa, trading back and forth ... Show More
16m 17s
Feb 2013
Business in Africa
The view from the top of business. Presented by Evan Davis, The Bottom Line cuts through confusion and spin to present a clearer view of the business world through discussion with people running leading and emerging companies.This week, Evan's three guests discuss the challenges ... Show More
27m 47s
Nov 2021
The Future of Debt: Can Fintech Fill the Gap?
How can small businesses gain access to the working capital they need? Zach Bijesse of Payhippo and Tunde Kehinde of Lidya are trying to figure it out. Hear how new technologies are changing the future of lending for small businesses in Nigeria, Africa, and the world.With over 20 ... Show More
36m 52s
Dec 2021
4 myths and misunderstandings about doing business in Africa | Nomava Zanazo
Business in Africa is booming -- but international companies are missing out, says emerging markets expert Nomava Zanazo. Rushing in without knowing their customers, businesses underestimate Africans and make costly assumptions about their diversity, preferences and buying power. ... Show More
23m 30s
Apr 2024
100 Influential Africans: What are the main challenges to doing business in Africa?
"It's hard to live in Africa. It's hard to pay your bills. Public transport is hard... And it's hard to run a business in Africa."Alan got a belated Christmas surprise this year – when he found out he’d been named as one of New African Magazine’s list of 100 most influential Afri ... Show More
23 m
Oct 2023
Building the scaffolding for a Nigerian credit boom, with Adedeji Olowe (Lendsqr)
Nigeria is Africa's biggest economy. Or maybe not quite, economic variables can be hard to measure and somewhat fickle, but whatever way you slice this cake, it is in the top three with Egypt and South Africa. Fintech has played a growing role in that economy, but until now, almo ... Show More
27 m
May 2021
To end poverty, cultivate innovation | Efosa Ojomo
What turns a developing country into a prosperous one? For years, Efosa Ojomo has been trying to answer this question. And what he has found – through starting his own nonprofit in Nigeria, doing research at Harvard Business School and writing a book called The Prosperity Paradox ... Show More
26m 37s
Sep 2022
Why is Nigeria’s economy ‘doing a dance’?
Last month Emirates Airlines announced it was halting flights to Nigeria – saying it was owed millions of dollars. The plight of passengers suddenly forced to find creative and expensive ways to travel thousands of miles grabbed the world’s attention – and within days of the cris ... Show More
15m 37s