A process of going multinational could tangibly improve competences of corporations and governments of emerging markets, particularly those based in Africa. As such, they are expected to be in favour of initiating and boosting the global orientation of domestic firms. This is to be done through adopting what is labeled as outward foreign direct (OFDI) promotion policies. Drafting the right combination of such policies is likely to be informed by not only the key attributes of homeland based multinational corporations (MNCs), but also aspects of similarity and difference between them and their potential foreign rivals, coming from both emerging and developed economies. As such, it is expected to be of the utmost importance, for the policy maker, to unveil the key salient attributes of emerging markets based multinational corporations (EMNCs) and how they are really different from those based in developed markets (DMNCs).