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Questions and Answers

What is the primary focus for a company seeking to build a sustainable business in Africa?

Creating value for both shareholders and stakeholders (correct)

Ignoring stakeholders' interests for greater profits

Creating value for shareholders only

Maximizing profits at any cost

What philosophy does Tony Elumelu advocate for businesses operating in Africa?

Maximizing short-term profits

Africapitalism - creating economic prosperity and social wealth (correct)

Neglecting social responsibilities for shareholder returns

Focusing solely on economic prosperity

According to Graça Machel, what does the 'social compact' involve?

Agreement among multiple sectors on shared responsibilities (correct)

Exclusively government initiatives to solve social challenges

Solving social challenges without private sector involvement

Leaving behind certain members of society in development efforts

What role does Manu Chandaria embody in relation to African business, as mentioned in the text?

A doyen emphasizing transformative leadership Signup and view all the answers

What does the text suggest about the relationship between profits and serving stakeholders' interests in Africa?

No inherent tension between earning profits and serving stakeholders Signup and view all the answers

In what way does Nelson Mandela's philosophy, as mentioned in the text, align with the overall theme of the passage?

'No passion to be found playing small' resonates with transformative leadership ideas Signup and view all the answers

What major benefit do businesses focusing on fulfilling unmet needs, like Equity Bank and MTN, stand to gain according to the text?

Outsized returns for shareholders and transformative societal impact Signup and view all the answers

'Africapitalism' as advocated by Tony Elumelu emphasizes a commitment to:

'Africapitalism' - creating economic prosperity and social wealth Signup and view all the answers

'Those goals are an ambitious, universal call to end poverty, protect the environment, and ensure that all members of our global family enjoy peace and prosperity.' What does this statement refer to?

'UN's Sustainable Development Goals' Signup and view all the answers

'Entire industries and leaders themselves have to meaningfully transform—it can no longer be business as usual.' What is being implied by this statement?

'Business as usual' practices need to adapt to societal needs Signup and view all the answers