Part 2 from Tony of what Africa needs. If you can develop a system/app/ method that can make crossing borders with people or goods easier, then Africa needs you.
Here you go! Part 2 of the 5 part series, What Africa needs: Increased Inter- Africa trade.
According to the Economist, “The bulk of the Africa’s trade is with Europe and America: only 12% is with other African countries, according to research by Ecobank, a Togo-based bank. By comparison 60% of Europe’s trade is with its own continent. The same is true in Asia. In North America the figure is 40%.”
According to Reuters Africa, it costs South African grocer, Shoprite $20,000 a week to secure import permits to distribute goods in one country. As if that isn’t enough, in order to send one of its trucks across the border to neighboring Zambia, 1600 additional documents are required.
An excessive amount of border check points are yet another problem. To transport goods from Nigeria to neighboring Ghana, you have to go through about 5 border checks. Ghanaian President, John Dramani Mahama admits…
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