(CNN) -- You've probably heard by now about the Afropolitans and the Afropreneurs -- but what about the Africapitalists? It's the term created by Nigerian entrepreneur Tony Elumelu, one of Africa's most successful businessmen, to describe what he believes holds the key to the continent's future well-being. According to Elumelu, Africapitalism is the economic philosophy "that the African private sector has the power to transform the continent through long-term investments, creating both economic prosperity and social wealth." Elumelu champions the idea that long-term focus on key sectors such as infrastructure and power does not only offer high returns but, in the process, can also help Africa deal with pressing problems such as unemployment and food security.
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Nigerian entrepreneur Tony Elumelu is pioneering the concept of Africapitalism
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He says long-term investments in key sectors can create both commercial and social wealth
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Elumelu founded in 2010 Nigeria-based investment company Heirs Holdings
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It has pledged to invest $2.5 billion to back the "Power Africa" campaign
And so I decide to look at the @placeholder continent and I tell myself this is a continent that is about to explode but lacks certain vital ingredients.