Emerging African Multinational Corporations

In an attempt to enhance the current understanding of the unfolding phenomenon of emerging multinational corporations (EMNCs), this book intends to explore the key salient features of emerging multinational corporations based in Africa (EAMNCs), as well as underling their key drivers, with application to South Africa and Egypt. Overall statistics exhibit that both EAMNCs were growing outstandingly during the period from 1990 to 2016. They, however, significantly lost ground on the emerging MNCs landscape during that period. Apart from the financial sector, the mining and quarrying sector ranked first for South African MNCs, while the industrial sector was the most important for Egyptian MNCs. The private sector dominated, to different extent, in both South African and Egyptian MNCs. Like their emerging peers, EAMNCs exhibited a remarkable preference to greenfield investment over mergers and acquisitions as foreign market entry mode, and to set their greenfield investments in nearby markets. Given the findings of the empirical research, the book ended with the proposed policy options and guidelines to support Africa's MNCs development.