This book offers a comprehensive study of the history of African business. By analyzing the
specificities of African business culture  as well as the dynamically changing African policy
context  the author sheds new light on the development of African enterprises  markets and
institutions. The book covers a wide range of historical studies  starting with the earliest
exchange networks  the new market opportunities resulting from European penetration  the
dualism of state-owned companies and private enterprises during the twentieth century  the role
of foreign direct investments and multinational companies during the 1990s  and the
globalization of African business.