Forbes recently released their list of best countries to do business in 2018 and Africa was ‘well represented’.
The list of the Best Countries for Business was determined by rating 153 nations on 15 different factors including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor protection. Each category was equally weighted.
Rounding out the top five best african countries to do business in 2018 are Mauritius, South Africa, Botswana, Rwanda and Seycheles.
Coincidentally, the first four African countries on the list were also ranked among the Top 5 most competitive countries in Africa 2017.
African nations populate the worst countries for business with six of the bottom 10. Most of these countries fare poorly on innovation, trade freedom and investor protection.
Chad ranks last for the third straight year. The landlocked African nation suffers from a lack of infrastructure and trained workers, as well as high levels of bureaucracy and corruption.
Anyways, According to Forbes, These Here Are The Top 10 Best African Countries For Business in 2018
|Country||Rank in Africa||Rank in World|
15. Burkina Faso
19. Cote d’Ivoire
28. Sierra Leone
33. Democratic republic of the Congo