Wednesday, September 14, 2016

Perspectives from the African Diaspora: Repatriation To Africa (The Business Climate in Africa in the New Millennium)

African Repatriation: Journey Back To The Continent
Written by Joshua Chikudo; Edited by K. Omodele @TheAbeng

Ever since I was a little boy growing up in Southern Africa, Africans have left the continent in search of so-called greener pastures abroad. These Africans had professional ambitions, sought better living conditions and wanted to explore the world. Many became doctors, lawyers, tech professionals, financial gurus, etc. But then, due to declining opportunities in their adopted countries, some were forced to accept jobs for which they were overqualified. For example, some of these Africans who migrated with advanced degrees settled for jobs as domestic helpers, chauffeurs, care givers, security guards, construction workers. In recent tears, I have seen an increasing number of these migrants returning home to Africa, raising hopes that the brain drain has been reversed.

Whereas previous policies, such as those built on socialist principles, drove away investors, today, Africa offers great economic opportunities, with better governance, improved property rights and respect for human rights.

Economic growth in the continent is expected with governments prioritizing political stability and opening free-market economies, which has in turn lured foreign investment. Of course, corruption is another major catalyst that deters foreign direct investment - by multinational companies and Africans of the Diaspora. Many citizens of African nations now welcome new, relentless anti-corruption campaigns. A noticeable example is Rwanda, East Africa, where President Kagame has introduced a one-stop solution which combines all the government agencies responsible for the investment process under a single roof, thereby reducing time loss, the possibility of corruption and other unnecessary deterrents to investment.

In East Africa, the formation  of the East African Community (E.A.C) has a potential 130 million customers. A decade (2004-2013) of 6.2 percent economic growth rate* has piqued investors' interest. American power-houses like GE and Microsoft have found new homes in East Africa, creating jobs that attract skilled workers and professional talent from the African Diaspora.

In West Africa, market growth appeals to the Diaspora community and encourages foreign investment. The market capital of the West African Regional Stock Exchange grew to US$ 15.1 billion last year, up 9% from 2014 (Wall Street Journal, 2016). The eight French-speaking countries** in West Africa that share a common currency( the CFA franc*** ) also share the stock exchange, which is based in Abidjan, Ivory Coast. The presence of multinational corporations has created employment, not only for locals, but also for repatriating Africans.

The Southern African Development Community (S.A.D.C) welcomes those returning Africans with open arms. Economic and infrastructural development in Mozambique, Congo and Angola have been attracting an experienced labor force of engineers, etc. Countries that had once possessed heavily-regulated economic adjustment programs have openly debated their policies and readjusted them in order to attract investors. The S.A.D.C has a potential of over 220 million consumers and now encourages free and open trade.

The North African region has experienced the aftermath of the Arab Spring uprising, which initially slowed down economical growth. The region, like much of Africa, has been hobbled by political ineptitude and corruption which contributed to migration. Egypt's government, however, has introduced reform through new investment laws that have afforded investors more protection and have created one-stop shops which eliminate long waiting periods for licenses from government agencies. Today, foreign companies are partnering with North African companies to launch joint ventures in viable markets. Such is the case with Vice Media which, in launching Viceland Africa, has created hundreds of media jobs in North Africa. (Wall Street Journal, 2016)

Because of this new, positive climate in private business sectors, Africans in and around the Diaspora are now considering repatriating. Besides the potential for economic growth in Africa, the xenophobic back lash against African immigrants combined with economic uncertainty across Europe has contributed to Africans, and African descendants, reconsidering the future.  Some have already repatriated and have begun business start-ups, thereby creating more domestic revenue and opportunities for local workers. The future for the continent is bright; the political environment is more stable than ever. The business climate of Africa in this current epoch, this age of information, is conducive to bringing in investment, especially for those in the African Diaspora.

* In the top 20 percent of "the distribution of 10-year growth rate world-wide since 1960." (IMF Working Paper African Department: How Solid Is Economic Growth in the East African Community? Prepared by Nikoloz Gigineishvili; Paolo Mauro; Ke Wang)

** Benin, Burkina Faso, Guinea-Bissau, Cote d'Ivoire, Mali, Niger, Senegal, and Togo

***CFA - Commicaute Financiere d'Africque (Financial Community of Africa)

Joshua Chikudo began his business career in the hotel and casino industry and has over 14 years of experience in business development. He has a long and successful track record helping investors from all over the globe structure and seal investments in a number of countries in Africa, Europe and across North America. Joshua Chikudo combines extensive entrepreneurial experience in various markets with a deep commitment to rebranding and rebuilding Africa. In 2006, he created Consulting JC, a consulting firm that maintains up-to-date market analysis and data, educates clients about socio-political environments in emerging markets and developing countries while proactively seeking new opportunities. 

Mr. Chikudo is passionate about new construction technology that is durable, affordable, energy efficient, and pest- and disaster-resistant (such as Organo and Structural Insulated Panels) that provide solutions in building Africa and countries in the developing world.

Monday, September 12, 2016

Chicken Little and (An Urban Story) Vol. 1, Part 2

Chicken Little: Haunted Blood (An Urban Story) Vol. 1; Part 2

copyright K. Omodele 2016

The minute Glass' gun popped out, I realized - we got set up, plain and simple. How they, and them alone, get guns up in The Turntable?
Then, soon as Mongrel grabbed the tool from out coward-rass Glass' hand, Bull got low and dashed for the bar. That man dove head-first like some Olympic diver, clear over the counter. And the same time Bull moved right, me, Doc, English and them girls took off to the left. Which exposed Shortman with that half-built spliff in his hand.
He looked up but it was too late. With his back against the wall, all he could do was duck as Mongrel and Boo aimed at him.
Then the shots thundered. BADAP! BADAP! BADAP! BRAP! BRAP!
Over and over, booming over the music, 'til even the music stopped dead.
Then, all you could hear was shots. BLAM! BLAM! BRAM!
People scrambled for the door. No screaming, just silent, frantic like ants. I turned sideways, squeezing myself behind a skinny post that couldn't be no more than six-inch wide. Buddy-bye and Mammal ducked behind two tables. Doc and English and the rest of them? I didn't even see where they'd run and gone.
Shortman was taking shots. He tried to run, but the shots penetrated, twisted and turned his body, like he doing the Rocking Dolly. Then he dropped, his navy-blue Sergio Techini sweat suit turning black with blood.
Then, all of a sudden, the shots stopped. Them dutty niggas backed up a couple steps, looked around like they snap out a daze. Boo turned and dumped two shots into the bar before all of them ran to the door, guns held high. Before they exited, Mongrel swerved his tool around, threatening.
Then they were gone.
Two, maybe three minutes; that's how quick the whole bangarang played out - from the time Bull pointed them out to the moment they hauled rass out the door. Later, Shortman said that the first time he noticed something wrong was the instant Bull started yapping with Glass. Everything after that was a blur to him.
Looking back, it seemed longer; but that's because I remember every little thing. I don't panic, even in the middle of chaos. It don't matter if it feels like you stewing in a pressure cooker, you can't allow your emotions to swallow you up.
With them fools gone, the remnants re-surfaced from various crevices and corners. A set of girls ran out babbling, down from the DJ booth. My ears were buzzing and my eyes and nose were runny from all the lingering gun smoke.
I instructed myself: settle down! Find the crew! Don't rush outside into another ambush like some lamb to a slaughter! I looked around the dancehall carefully.
English, Doc, Mammal and Buddy-bye gathered round and I saw adrenalin pumping through their temples and flaring open their nostrils. Bull stomped over from behind the bar and we began searching for Shortman, but couldn't find him on the floor.
The Women's bathroom door was wide open so, slowly, we peered in.
The dingy-white and black tiles had a path of smeared blood leading to a stall. Three girls squeezed together by a sink, flinching when they saw us. One of them hollered out.
"He crawled in deh. He in there!" Pointed at the stall.
Shortman was curled up, hugging the toilet like salvation. His head propped awkward on the side of the bowl, his torso tensed. He was dry-heaving and his sweatshirt  was soggy wet. His footballer's legs lay sprawled like some pick-up stix. When Bull pried his arms from the toilet and pulled him out the stall, Shortman had tears streaming down his face but he wasn't crying; his eyes just shifted looking around the bathroom.
I knew exactly what he was thinking - we got set up.
I nodded.
Bull grinded his teeth hard like he was chewing wire.
Shortman gurgled. "Water. Thirsty." He struggled to breathe. "Gimmie some water." His teeth pink with blood and slobber.
Suddenly, sirens wailed and someone yelled.
"The Beast."
Everybody with us turned to exit, except Shortman, of course. Half of we had warrants, the other half, illegal; so, none of us wanted to take a check. As we filed out the bathroom, fire fighters streamed through Turntable's front door, followed by a gang of police and EMS.
I pulled my Kangol brim low over my brows and walked out, calm and natural, right past them. I kept thinking, don't freeze up. Don't look away but at the same time, don't stare at nobody! That ole crow see fear, it will take set and prey on you; might make this a longer, colder, sitting-behind-bars night.
At the door I turned and saw them people lift Shortman out the restroom and lay him on the floor in front Bob Marley, smiling with his guitar. I wondered what Bob might've been singing - Woman hold her head and cry??
The EMS converged on Shortman like a pack of wild dogs and cut his pants off him.
I stepped into the night and the air slapped me in the face. A news camera's light blinded me. I looked down, brim down; said nothing, just kissed my teeth and sidestepped the bag of excitement. I darted down the alley to where I'd parked round behind the nightclub. Bull had done cranked up his whip and had pulled beside my beamer, waiting. D.C. was bout to run red. Board box under ground by time we done.
The Harshness had stolen our night.

COMING SOON: Haunted Blood - Volume 2 (Chicken Little Sagas Continue)

Read the preceding episodes:

*(this is a work of fiction. Any similarities to actual persons or situations are coincidental and unintended)
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