THERESA ONAJI-BENSON: Is Africa really open for business?

After being denied a visa to attend a conference in Egypt, I had a conversation about the issue with a British academic and Fulbright professor at Strathmore University in Kenya. I shared my frustration, as a Nigerian living and working in South Africa, at being stonewalled by a fellow African nation.

That short discussion got me thinking. You don’t have to be an expert on the topic to hear the slogan, “Africa is open for business.” It is emblazoned on T-shirts and we hear it on radio adverts. The spark for the treaty seems to have come from a 2016 publication by the African Development Bank that found — in line with my recent conversation — that it is easier for North Americans to travel in Africa than it is for Africans to travel in Africa. The treaty came into effect about five years later, in January 2021, when the first batch of goods under the preferential agreement were shipped from Ghana to South Africa.

My musing took me to work done by my colleague, Prof Adrian Saville, founding director at the Centre for African Management & Markets. For several years he produced the Visa Africa integration index. Armed with a treasure trove of big data from the global financial services company, Saville analysed, among other things, ways in which people spend money across borders, and where people spend money.

But all of that felt quite theoretical, as I was still ticked off about the unwelcoming treatment from the Egyptian visa authorities. Trying not to take it personally — and to look for a silver lining — I searched for evidence that African countries are becoming more welcoming to African citizens. Thank goodness, they are.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Dirty-money rating risks boosting costs for South African banks, state companies | BusinessThe South African government and state-owned companies will find it harder to borrow money if the country is added to a global watchdog's list of nations with shortcomings in tackling illicit financial flows. | News24_Business _Business PresidencyZA CyrilRamaphosa MYANC is also aiding and abetting murderous dictatorships, while giving the finger to South Africa's largest trading partners. Just brilliant 🙄🙄🙄. _Business Gr8 news! We must fight all SOE increases let the market cut their throat if they don’t want to reduce staff and become efficient. Let them all collapse. IMF will bring sanity. List of pain but atleast it will kill the mafia state while there is still some eggs left _Business The ANC found out illicit capital was flowing from SA during the 2000s, Mbeki said it publicity bck then, and they did nothing about it. Instead they tried to join thus club, like the greedy clowns they are. Make no mistake, the only factions are the have and have nots.
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »

South African tech company sounds the alarm on skills shortageJendamark Automation says it has noticed a worrying decline in the number of applications for artisan positions.
Fonte: BusinessTechSA - 🏆 24. / 61 Consulte Mais informação »