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ECONOMY- Africa loses $80 billion due to visa and border restrictions

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Africa is estimated to lose $50-$80 billion annually in lost revenue due to visa and border restrictions.

While this figure is often associated with illicit financial flows, it also encompasses the economic cost of restricted movement, trade, tourism, and the free movement of labour within the continent.

As Imoh Edet reports, the economic impact of these restrictions hinders intra-African trade, as it increases the cost and time for goods to move between countries, and limits the potential for a large, unified market.

His report.

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ECONOMY- Africa loses $80 billion due to visa and border restrictions

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