JAPA: 5 Reasons Why African Entrepreneurs Seek Stability Abroad

More and more African entrepreneurs are choosing to move abroad instead of dealing with the problems of poor infrastructure in the country. This change is happening faster than expected. These business owners, who once hoped to succeed in their local markets, are now looking overseas as a better way to achieve their goals.

This movement is a big change for the business scene in Nigeria and Africa. As these skilled people leave, the money follows them. This brings us back to a time when Africa mainly saw money coming in from outside rather than growing from within.

This shift has big effects on how people invest and how products are made for Africans all over the world. As we see these big changes, it might be time to think differently about how we develop and use talent in Africa. This could lead to new ideas and growth across the continent.

Here are 5 reasons they move abroad:

1. Better Infrastructure

 Many entrepreneurs move their businesses abroad for better infrastructure. In some African countries, problems like unstable internet and frequent power cuts make it hard to run a business smoothly. Countries like Canada have a strong infrastructure that supports business operations better.

2. Improved Quality of Life

 Entrepreneurs often move to improve the quality of life for themselves and their families. This includes access to better healthcare, schools, and overall living conditions. Moving to a country with higher living standards is attractive because it promises a better life.

3. More Support and Appreciation

Some foreign countries offer more support and appreciation for entrepreneurs. This could be through better business policies, financial benefits, and a community that supports innovation and business growth.

4. Reaching New Markets

 Moving abroad can help entrepreneurs reach new customers and grow their businesses in larger or more developed markets. This offers opportunities to expand and reduce the risk of relying only on their home country’s market.

5. Following Skilled Workers

As skilled workers move to countries with better job opportunities, businesses sometimes follow. This “brain drain” leads businesses to relocate to places where conditions are better for growth and innovation.