The Rise of the African Multinational Enterprise (AMNE) The Lion
This book provides a detailed look at the birth, growth and expansion of African Multinational Enterprises (AMNEs). Specifically, it explores the historical, ideological, political and macroeconomics forces that shaped modern day Africa and the role they
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Ebimo Amungo
The Rise of the African Multinational Enterprise (AMNE) The Lions Accelerating the Development of Africa
Management for Professionals
More information about this series at http://www.springer.com/series/10101
Ebimo Amungo
The Rise of the African Multinational Enterprise (AMNE) The Lions Accelerating the Development of Africa
Ebimo Amungo Amungo Consulting Limited Abuja, Nigeria www.amungo.com
ISSN 2192-8096 ISSN 2192-810X (electronic) Management for Professionals ISBN 978-3-030-33095-8 ISBN 978-3-030-33096-5 (eBook) https://doi.org/10.1007/978-3-030-33096-5 © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
For Ifeoma and Woyinmi
Acknowledgments
I want to thank my family and friends for their support while I wrote this book. Special thanks, however, to my editor, Nitza Jones-Sepulveda, for her invaluable contributions to the realization of this project. Thanks to D’ Artist Chike Onuarah, J. Deinma Anga Esq, the members of Seagull Foundation, and my colleagues at the Academy of International Business, sub-Saharan Africa Chapter, for their advice and inputs to this book.
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Introduction
There is a company in Africa that is as dominant as Netflix, as pervading as Facebook, and as investment savvy as SoftBank. The company is called Naspers, and it is a homegrown African Founded Firm that is a 30% equity holder in the Chinese technology behemoth, Tencent. There is another company, MTN, that was founded by black South Africans in 1994, but today it is among the largest telecommunications companies in the world with 220 million subscribers and operations spanning 22 countries in Africa, Asia, and the Middle East including I
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