Tag visa regime impeding african trade say tony elumelu

According to a recent report, Tony Elumelu, a Nigerian businessman and philanthropist, has expressed concerns that the restrictive visa regime in many African countries is impeding intra-African trade and economic integration.

Elumelu, who is the founder of the Tony Elumelu Foundation, a leading pan-African philanthropic organization, made this statement during a recent interview. He emphasized that the lack of a seamless visa regime is creating unnecessary barriers to trade and investment within the African continent.

He noted that many African countries have restrictive visa policies that make it difficult for businesspeople and entrepreneurs to travel and conduct business across borders. This, he said, is hindering the growth of intra-African trade and economic integration.

Elumelu also highlighted the need for African countries to adopt a more liberal visa policy that would facilitate the movement of people and goods across borders. He emphasized that this would not only boost trade and investment but also promote economic growth and development on the continent.

The Tony Elumelu Foundation has been at the forefront of promoting entrepreneurship and economic development in Africa. The foundation's flagship program, the Tony Elumelu Entrepreneurship Programme, has supported over 7,000 African entrepreneurs since its inception in 2015.

Elumelu's comments on the restrictive visa regime are in line with the African Union's (AU) Agenda 2063, which aims to create a more integrated and prosperous African continent. The AU has called for the removal of barriers to trade and investment within the continent, including the simplification of visa requirements.

Overall, Elumelu's statement highlights the need for African countries to work together to create a more conducive business environment that would facilitate trade and investment within the continent.