‘Young entrepreneurs and those they inspire are the lifeblood of Africa’s rise.’[1] ‘Africapitalism’ is a term coined by a Nigerian philanthropist, investor and former banker, Tony Elumelu who believes that private investment can be transformed into social wealth. [2] According to him, Africapitalism has the potential to create a bridge between entrepreneurship and societal development. In his words, ‘African entrepreneurs will play a central role in bringing together private