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Rising Africa and Its Nascent Multinational Corporations

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The Changing Dynamics of International Business in Africa

Part of the book series: AIB Sub-Saharan Africa (SSA) Series ((AIBSSA))

Abstract

Amidst the continuing rebalancing of the global economic power, there is mounting evidence that outward foreign direct investments from the “South”, a trickle not too long ago, are increasingly the new orthodoxy. Recent UNCTAD (2012) statistics indicate that South-South FDI account for up to a third of inflows. This is signified by the vast FDI footprints of BRIC economies, especially China, across Africa. It is also suggested by the considerable outlay of Developing Asian MNCs in Latin America and the Caribbean (reportedly 60 percent of the total in 2010); and the rising intra-regional FDI flows, particularly within the transition economies, West Asia and Africa (70 percent of mergers and acquisitions and greenfield projects in 2010) (UNCTAD, 2012).

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Authors
  1. Kevin Ibeh
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Editor information

Editors and Affiliations

  1. Lagos Business School, Nigeria

    Ifedapo Adeleye

  2. Birkbeck, University of London, UK

    Kevin Ibeh

  3. Riara University, Kenya

    Abel Kinoti

  4. Gordon Institute of Business Science, South Africa

    Lyal White

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© 2015 Kevin Ibeh

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Ibeh, K. (2015). Rising Africa and Its Nascent Multinational Corporations. In: Adeleye, I., Ibeh, K., Kinoti, A., White, L. (eds) The Changing Dynamics of International Business in Africa. AIB Sub-Saharan Africa (SSA) Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137516541_7

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