| Abstract: | The genesis of international business in Africa from 1947 to 1996 is traced to colonial times. The article analyzes the dynamics and observes that international business in Africa witnessed growth but has not meaningfully influenced Africa's general economic development because of constraints: poor infrastructure, lack of maintenance culture, inadequate funding, debt burden and overemphasis on export of raw materials instead of manufactured goods. The article suggests placing a greater emphasis on the development of intermediate and capital goods industries and granting debt relief to all African countries as a means of further promoting international business entente in Africa. |
