This year, Mauritius was the best African country for doing business, according to a ranking published by the American magazine Forbes.
This island of the Indian ocean is the 39th best country for business in the world in the ranking that compared 161 countries based on fifteen criteria. These criteria are notably, property rights, innovation, taxes, corruption, freedom (personal, economic and monetary), bureaucracy and investor protection, workforce availability, infrastructures, the market size as well as the living conditions.
South Africa (59th globally) is the second in Africa, ahead of Morocco (62nd on a global scale), the Seychelles, Tunisia, Botswana, Rwanda, Kenya and Ghana. Egypt (95th on a global scale) is the last of the top 10 African countries for business in 2019.
Most African countries are located further down in the ranking. Out of the ten worst countries for business, according to the ranking, seven are in Africa.
On a global scale, the UK is the best country, ahead of Sweden, Japan, the Netherland, New-Zealand, Canada, Denmark, Singapore, Australia and Switzerland. The USA is ranked 17th while China is the 49th.
Ranking of the best African countries for business :
1-Mauritius (39th on a global scale)
2-South Africa (59th)
3-Morocco (62nd)
4-Seychelles (66th)
5-Tunisia (82nd)
6-Botswana (83rd)
7-Rwanda (90th)
8-Kenya (93rd)
9-Ghana (94th)
10-Egypt (95th)
11-Namibia (96th)
12-Senegal (100th)
13-Zambia (103rd)
14-Cabo Verde (104th)
15-Nigeria (110th)
16-Uganda (112nd)
17-Algeria (114th)
18-Côte d’Ivoire (117th)
19-Benin (118th)
20-Tanzania (119th)
21-Swaziland (123rd)
22-Madagascar (125th)
23-Niger (127th)
24-Burkina Faso (129th)
25-Sierra Leone (131st)
26-Mali (132nd)
27-Cameroon (133nd)
28-Lesotho (134th)
29-Malawi (136th)
30-Angola (138th
31-Zimbabwe (139th)
32-Togo (140th)
33-Liberia (141st)
34-Mauritania (142nd)
35-Mozambique (145th)
36-Ethiopia (146th)
37-Gabon (147th)
38-Burundi (149th)
39-DR Congo (150th)
40-Guinea (151st)
41-Libya (152nd)
42-Gambia (155th)
43-Chad (157th)
44-Equatorial Guinea (158th)
45-Guinea Bissau (159th)
46- Congo (160th)
47-Central African Republic (161st)
Source: Ecofinagency
Just going through this list and wondering if enough research was actually conducted, mindful of the present stakes. Countries here I don’t understand how they will attract investors better than others. Cameroon is one of the most politically unstable counties in the west of Central Africa, yet ranked 133 ahead of countries such as Ethiopia, whose new president is a new renaissance for Africa development and empowerment.