In Algeria, African leaders mull startup visas to boost innovation
- Technology ministers across Africa are looking to introduce startup visas to support innovation and startup growth while simultaneously addressing the brain drain wave on the continent.
- The startup visa will “facilitate the free movement of startups on the continent” and “help to boost the mobility of young entrepreneurs on the continent,” the declaration read.
- Another important takeaway from the ministers’ declaration is a unanimous agreement to begin negotiations for an African Charter on brain drain.
The introduction of startup visas and the focus on addressing brain drain in Africa is a positive step towards supporting innovation and retaining local talent. The Pan-African Startup Strategy and the creation of the African Founders Fund will further boost startup growth and provide crucial financial resources. It is encouraging to see African countries taking proactive measures to strengthen their tech landscape.
