Attracting small and medium multinational enterprises to African countries

Evelyn Wamboye, Abel Adekola

Research output: Chapter in Book/Report/Conference proceedingChapter


Promotion of private investment is a necessity for capital formation in African countries. Foreign private investment, in particular, is considered to be a source of the scarce capital resources, valuable technological knowhow and corporate norms and practices. However, given the political unpredictability, lack of sufficient infrastructures, inadequate human capital and local technological capacities in these countries, attracting foreign investors outside of the natural resources sector, especially multinational corporations, has been a troubling concern to the policy makers in the region. Using Nigeria as our case study, we attempt to answer the following two questions: Are the small and medium multinational enterprises (SMMEs) an alternative to the traditional larger multinational corporations (MNCs) that have eluded African countries? What are the motivations and investment characteristics of the SMMEs? We evaluate these issues using primary data.

Original languageEnglish (US)
Title of host publicationThe Routledge Companion to Business in Africa
PublisherTaylor and Francis
Number of pages17
ISBN (Electronic)9781136202506
ISBN (Print)9780415635455
StatePublished - Jan 1 2014

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)


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