News
Which Are Africa’s Most Tradable Countries? The Answer May Surprise You
By Joel Popoola
Here’s an exploration of the best places in Africa to do business, and they are not necessarily the first countries you might think of.
When we talk about the best places in Africa to do business, all too often we focus exclusively on the continent’s most established economies – South Africa, Nigeria, Egypt and Kenya. And as a proud Nigerian I am as guilty as that as anyone!
Which is why new research into the most tradable countries in Africa is quite so interesting – some of the best places in the continent to do business are not necessarily the ones you’re thinking of.
The latest African Trade Barometer, produced by Standard Bank – one of Africa’s biggest – suggests that British businesses should in fact be taking a closer look at Tanzania, Uganda, Zambia and even Angola.
The survey ranks nations on economic stability, governance, infrastructure and trade openness – using both quantitative data and a comprehensive survey of businesses of all sizes from across Africa.
Result show Namibia, Uganda and Angola competing with more established economies such as Ghana and South Africa when it comes to tradability, with Tanzania praised for its government support for trading activities – based around President Hassan’s efforts to engage world leaders and develop its international relations – Uganda for its export and import prospects, and Angola for its infrastructure and ease of trade with foreign markets. Angola’s booming chemicals and processing sector in particular seems to be taking advantage of global trading constraints.
Zambia is rated highly for its improved economic stability, no doubt the impact of a relatively new government’s approach to the economy – which has lead to 80% of businesses expecting their turnover to increase in the next year.
As a long-term believer in the link between good governance and business confidence and growth – and has developed the digital technology to improve the transparency and accountability of elected officials in Nigerian – it is gratifying to see successful elections in Kenya, Angola and Zambia, and the change of president in Tanzania, have lead to improved business attitudes throughout these nations and their neighbours.
British businesses need to start thinking more about Africa – especially if they want to take advantage of the coming African Continental Free Trade Area. This will make Africa the largest free trade area in the world, a single market of over a billion consumers and a combined GDP of over US$3 trillion – although there is no shame about British businesses being in the dark about the agreement, the figures show that only 3% of Mozambique businesses are!
Even where tradability is less strong, there are opportunities for British business – power outages remain a severe infrastructural obstacle to trade – particularly in Nigeria, South Africa and Mozambique. But that means opportunities for British businesses to tackle these issues here and across the continent.
The results also show African businesses seeking to import fewer goods directly from China with the greatest decrease occurring in Angola, Mozambique and Namibia.
This is undoubtedly the result of China’s Zero Covid policy with which has seen ports and businesses shut down to stop the spread of the virus – leaving African traders looking elsewhere to avoid supply chain interruptions. Why not Britain?
The figures are not all good for Africa. The figures indicate that interest rate rises in the United States have increased borrowing across many African markets, negatively impacting business confidence – particularly in Ghana where a combination of inflation and poor liquidity has adversely impacted the country’s ability to import.
Nonetheless British businesses need to open their eyes to the potential of Africa – and look beyond the usual suspects.
The UK government has negotiated a number of free trade agreements with African countries and trading blocs since it left the European Union creating significant opportunities for African consumers and companies, not least in our 24 English speaking countries – and the International Monetary Fund has predicted that over the next five years, half of the world’s ten fastest growing economies will be in Africa.
Joel is a software entrepreneur, and Chief Executive of political engagement app Rate Your Leader.
By Henry Ukazu
Dear Destiny Friends,
Secrets are exclusive preserves of certain individuals or institutions. They are one’s advantage over others, in the sense of ‘there’s something I know, which no one else knows. No one can ever claim that they don’t have a secret, either in the good or bad light.
Secrets therefore, exist in the family circle, business terrain, academic environment, career/professional pursuit, health management, spiritual connectivity and even in everyday personal living. It is an undeniable fact that everyone has a secret that works for them.
Let’s take a minute to discuss some of the aforementioned secrets.
Family
Every family has a secret. It will be foolhardy for anyone to disclose family secrets. Most families die with their secrets. To understand how family secrets work, imagine the Coca-Cola company. The family is said to be the only one in the world that has the formula for the beverage; a trade secret that originated with its creator, John Pemberton.
It is said that not even all family members enter the room where Coca-Cola is mixed or manufactured for fear of the secret being divulged. Imagine where spouses have access to the room and the marriage goes south, there’s a tendency that a spiteful divorced partner might leak the secret and the rest as they say is history.
There are many secrets that bind many families which only the immediate family members know. In some cases, only the parents or grandparents know. They can decide to share the secret to either the first male child, first female child or even a member of the family that one considers rational. For instance, imagine where a family is faced with a peculiar life threatening illness which ordinarily might scare anyone who wants to get married into that family, it will be stupid for anyone to spit it out, that act alone can make the intending spouse to reconsider his/her plan to marry from the family.
Business
Every business has a trade secret. Trade secrets are what makes a business unique. Every business has a unique selling point. (USP), which is a distinct benefit that sets the business or product apart from its competitors. A shrewd businessman will never leak his secret to his employees or competitors. The best his employees will know are the values, the operational systems or structures of the business and how his mindset works. But what makes the business stand out is the mystery that one will need to unravel.
Academic
Every student has a distinct trait that makes him/her succeed academically. This unique trait makes the student exceptional. For any student to succeed in their academics, he must know himself and what works for him. While some might study at night, some might study during the day, others might just listen during the lecture and understand the key points.
It’s sad to see students, who haven’t discovered who they are and what works for them following students who have discovered who they are. For example, while some students have good listening and understanding ability, and can listen to lectures and read a little and pass their examinations, some other students will have to read the course material before the lecture, listen during the lecture, read after the lecture and read thoroughly for examination before they can get a decent grade.
In some cases, they might not get the desired grade. Some students will even party hard during the day and at night they study, while some will party at night and study during the day. So, you can see that while some students have discovered themselves and what works for them, some others follow them sheepishly. Moral: Know what works for you and do what works for you because according to Oscar Wilde, “be yourself because others are taken”.
Career/Profession
Every career professional has a secret that works for them. In the same way, every industry knows what makes it stands out. The secret of what makes someone in the entertainment industry successful is quite different from what makes someone in politics or law enforcement, energy, education, legal, or health sector different. They all have different strokes, and the ability of one to do the needful in addition to playing the associated game can be the game changer.
Health
Health is a personal thing. Nobody knows you more than you know yourself. To show you how secretive and important one’s health is, it’s been said that there are three kinds of life: Public life, private life and secret life.
Your public life is the life that is generally known by everyone. It is the character we exhibit in the public space. It can also be regarded as the image perception lifestyle; we don’t generally go around revealing our health status in the public domain except where necessary. The private lifestyle; this is the kind of life only our family and close friends know.
Again, we don’t disclose such pertinent information to them only where and when necessary, then we have the secret lifestyle which only us and our creator knows. In some cases, we go to the graveyard with this. Do you see why health is a personal issue which needs to be kept in a secret place?
Personal
As mentioned earlier, everyone is unique. One of the best things that can happen to anyone is knowing themselves, and knowing what makes them different. I strongly believe we all have seeds of greatness in us. What works for Mr. A might not work for Mr. B. Like I always say, you can copy my style, but you can’t be me because imitation is a limitation.
For instance, I have unique energy and inspiration when it comes to writing. I have developed a keen interest and passion for writing. If tomorrow I become very successful or attract a unique opportunity, and someone decides to try writing to attract similar opportunities, the person might fail because God is the one that decides what opportunities come to anyone nor matter how hard someone may work.
Spiritual
This is another interesting aspect of life. Life is indeed spiritual. There’s nothing that happens physically without taking place spiritually. Everyone has a covenant point that was assigned to them at birth. Once that covenant point is touched that fellow might lose their blessings, anointing or what makes them strong.
There have been many testimonies about this. For instance, in the Bible, Samson’s touching point was his hair. He knows his power lies in his hair, that’s why Delilah tried so many times to know the secret of his strength, but Samson refused to tell her. She tried to make him drunk, but Samson still has the power. Samson repeatedly lied to Delilah about the secret of his strength, first saying it was new bowstrings, then new ropes, and finally by weaving his hair into a loom. Each time, he easily broke free, but Delilah continued to pressure him.
Weary from her constant questioning, Samson finally confessed that his strength was tied to his hair, which had never been cut because he was a Nazirite from birth. Delilah then called for a man to shave Samson’s seven locks of hair while he slept in her lap. His secret was revealed. His hair was cut. He strength was gone.
Do you see that Samson’s secret place was his hair?
In conclusion, depending on what we are working on, we all have our secret strength and place. The onus is on us to cultivate and dwell on this secret place to avoid losing power and focus.
Henry Ukazu writes from New York. He works with the New York City Department of Correction as the Legal Coordinator. He’s the founder of Gloemi. He’s a Transformative Human Capacity and Mindset coach. He is also a public speaker, youth advocate, creative writer and author of Design Your Destiny Design and Unleash Your Destiny . He can be reached via info@gloemi.com
Amid growing insecurity in different parts of the country, Niger State Governor, Umaru Bago, has urged residents to defend themselves against persistent bandit attacks.
He insisted that his administration would neither negotiate with nor pay ransom to criminals under any circumstances.
Bago made the declaration during a visit to the Rijau and Magama local government areas, where several communities were recently attacked by bandits operating from the Kontagora axis.
The governor said the State has reached a critical stage that demands collective action, warning that ransom payments would only embolden the criminals and turn kidnapping into a profitable venture.
“I will not negotiate with bandits. I will not pay ransom.
“The moment we start paying, they will open shop on our heads and continue kidnapping people,” he said.
“The situation has reached a state of war that requires collective resistance. We are surrounded by enemies, but we will not give up.
“The constitution gives us the right to defend our lives and property, and we will do just that,” the governor added.
Describing the recurring attacks and displacement of residents as “embarrassing and unacceptable,” Bago announced plans to recruit and train 10,000 personnel into the state’s joint task force to strengthen community security and restore peace.
In a statement issued by his Special Adviser on Print Media, Aisha Wakaso, the governor also announced a total ban on all mining activities across Zone C of the state.
The affected local government areas include Magama, Kontagora, Rijau, Wushishi, Mariga, Borgu, Mashegu, and Agwara.
Bago explained that illegal mining had become a major driver of insecurity in the zone, noting that many miners had unrestricted access to forest areas considered unsafe for residents.
“It is suspicious that miners can enter the forests freely, yet the bandits don’t touch them. I have ordered the Nigeria Security and Civil Defence Corps (NSCDC) to arrest anyone caught engaging in mining activities,” he said.
Governor Bago also reaffirmed his administration’s commitment to ending the cycle of violence and restoring lasting peace throughout the state.
The Nigeria Police have reportedly arrested human rights activist Omoyele Sowore.
Sowore was taken into custody at the Federal High Court in Abuja.
This was revealed in a post on X by human rights lawyer Inibehe Effiong, who accused the police and President Bola Tinubu’s administration of undermining Nigeria’s judicial system.
He wrote: “The arrest of Omoyele Sowore at the Federal High Court in Abuja moments ago is preposterous.
“The police and the Tinubu regime are making a mockery of our judicial system.He should be freed immediately. Stop the shenanigans.”
Sowore had earlier posted on Facebook that he was with Kanu Agabi, the lead lawyer for Nnamdi Kanu, at the Federal High Court.
According to him, Agabi disclosed that his team would be withdrawing from the case, leaving Kanu to continue his trial without representation.
