I recently had the privilege of attending the 2019 Africa Liberty Forum in Nairobi, Kenya.
The challenges posed by government controls range from restrictive trade policies to corruption, and everything in between.In other countries, education is so closely controlled by the government that there is no competition, causing prices to rise consistently without delivering any discerning improvement in outcomes.
Security of property and tenure is an absolute must if people are going to have confidence in building their futures in Africa.Alexander Hammond, writing for CapX earlier this year, highlighted the potential of the African Continental Free Trade Area . Trade tariffs, specifically import and export duties, severely inhibit African countries’ abilities to compete with a more globalised world.
Foreign aid does nothing to help Africans. Big government welfare programmes do nothing to help Africans.All they have, the big magic wand, is having been able to operate in comparatively freer markets. Asian countries that have opened up their markets, have all become richer in recent decades.
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The questions your company needs to ask as Africa frees up tradeTariffs are due to start falling in 2020, but those who dither can never hope to reap the full rewards
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