A coalition of technology ministers from Algeria, South Africa, Tunisia, Botswana, and Nigeria has announced plans to implement startup visas, aiming to foster innovation and address the issue of brain drain across the continent.
This announcement came after a panel session at the African Startup Conference held in Algiers from December 5 to December 7, 2023.
The proposed startup visa is designed to facilitate the seamless movement of startups within Africa, thereby enhancing the mobility of young entrepreneurs across the continent.
This initiative aligns with the broader vision of creating a “borderless Africa” by promoting free movement of both people and trade.
Drawing inspiration from countries like Canada, the UK, and the Netherlands, which have successfully implemented similar startup visa programs, the African ministers aim to attract tech talents, innovators, and investors.
Additionally, the ministers unanimously agreed to initiate negotiations for the development of an African Charter on brain drain.
The goal is to directly confront the challenge of retaining skilled professionals in Africa.
According to insights from the African Youth Survey 2022, 52% of young Africans are considering emigrating in the coming years, citing economic difficulties and the perceived allure of better opportunities in North America and Europe.
Acknowledging the urgency of the situation, the ministers are working on comprehensive strategies. These include the formulation of new policies and the promotion of local talent through collaborations and mergers.
The overarching objective is to create an environment that encourages the retention of Africa’s brightest minds, fostering growth and innovation within the continent’s tech ecosystem.
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