As a free market thinker it has been very great, amazing and not surprise that the first 50 companies that have made a change in the world, never had any African company involved.

History attests that all such 50 companies listed below started from the micro scale and for a period of years had transitioned to large scale enterprise employing over 1000s of people globally.

List of names of these companies are

1. Microsoft
2. AT&T
3. Ford
4. Apple
5. McDonalds
6. America Online
7. FedEx
8. CBS
9. Philip Morris
10. Wal-Mart
11. General Electric
12. IBM
13. Sears Roebuck
14. General Motors
15. J.P Morgan & Co.
16. Union Pacific
17. RCA
18. Nike
19. Intel
20. CNN
21. Boeing
22. Hawlett-Packard
23. Standard Oil
24. Sony
25. US X-U.S Steel Group
26. Agency France ?Presse
27. Levitte & Sons
28. The Walt Disney Co.
29. Netscap
30. Coco-Cola
31. Thyssen Krupp
32. Proctor & Gamble
33. Yahoo
34. Toyata
35. People Express
36. Manpower
37. Toys ?R? Us

38. National Football League
39. Kellogg
40. Johnson Publishing
41. Fire Stone Time & Rubber
42. Avon Products
43. Hilton Hotels
44. Ben & Jerry?s Homemade
45. Re/Max
46. Singer Sewing
47. Shorebank Corp
48. Metro-Goldwyn-Mayer
49. L.L.Bean
50. H.J. Heinz

These capitalist changed the world and their country by solving problems of the people by their business ideas and furthermore philanthropically supported in funds to build their country to the present status. All this happened, because their country appreciated their effort and created the enabling environment for their business growth.

Contrarily, the African continent was built on socialist ideologies and practices. What it simply means is that, government saw private businesses as a threat in competing with it existing structures put in place to deliver similar services. Most governments in Africa moved further ahead to tighten the economy to deliberately kill such domestic businesses.

At least, if we advocate our position today as Afrocentric and define the continent by the Africans? perspective, why not learn the good example of the European liberalism to support SMEs growth, which will in turn aid government with their funds to address the problem of the masses.

Our governments in Africa need to understand that, they cannot continue reaping what they have not sow by receiving donor funding from developed countries. Until we begin learning how to sow and harvest from our sweat, we will continue to remain in economic slavery.

This calls for an end to government of Africa embarking on unnecessary competition with the private businesses as a market player. Rather the respective governments should appreciate the essence of Afro-capitalism by action, not by words to build domestic African business environment to complement government effort in developing the continent.

This will help to change the definition of Public and private partnership (PPP) whereby the politicians managing public enterprises begin to think of European and Asian private business executives for partnership because no home grown business could meet such expectation.

For Africans to win over economic slavery, then there is only one way available, stimulating our consumers to development interest in local consumption and empower our entrepreneurs to meet such market demand, then they will be ready to domestically donate to support government effort.

Tweneboah Senzu PhD.
Bastiat Ghana (Free Market Economic Think Tank Institute)


Send your news stories to [email protected] and via WhatsApp on +233 234-972-832 


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.