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Doing business in Africa is getting easier

by  Africa Media Australia

Doing Business 2020 measures regulations across 190 economies in 12 businessregulatory areas to assess the business environment in each economy. Ten of these indicators were used to estimate an ease of doing business score this year, over the 12 months ending April 30, 2019

Doing Business recognizes the important work countries have done to improve their regulatory environments. Among the 10 economies that advanced the most, efforts were focused on the areas of starting a business, dealing with con- struction permits, and trading across borders. In general, economies that score the highest share several features, including the widespread use of electronic systems and online platforms to comply with regulatory requirements.

Best places to do business

The top 10 best places in the world to do business, according to the study, are New Zealand (with a score of 86.8 out of 100), Singapore (86.2), Hong Kong SAR, China (85.3), Denmark (85.3), the Republic of Korea (84), the United States (84), Georgia (83.7), the United Kingdom (83.5), Norway (82.6), and Sweden (82).

Here are the best African countries for doing business in 2020:

Mauritius

Africa: 1
World: 13
Ease of doing business ranking: 81.5
Rwanda

Africa: 2
World: 38
Ease of doing business ranking: 76.5
Morocco

Africa: 3
World: 53
Ease of doing business ranking: 73.4
Kenya

Africa: 4
World: 56
Ease of doing business ranking: 73.2
Tunisia

Africa: 5
World: 78
Ease of doing business ranking: 68.7
South Africa

Africa: 6
World: 84
Ease of doing business ranking: 67.0
Zambia

Africa: 7
World: 85
Ease of doing business ranking: 66.9
Botswana

Africa: 8
World: 78
Ease of doing business ranking: 66.2
Togo

Africa: 9
World: 97
Ease of doing business ranking: 62.3
Seychelles

Africa: 10
World: 100
Ease of doing business ranking: 61.7
Namibia

Africa: 11
World: 104
Ease of doing business ranking 61.4
Malawi

Africa: 12
World: 109
Ease of doing business ranking: 60.9
Côte d’Ivoire

Africa: 13
World: 110
Ease of doing business ranking: 60.7
Djibouti

Africa: 14
World: 112
Ease of doing business ranking: 60.5
Egypt, Arab Rep.

Africa: 15
World: 114
Ease of doing business ranking: 60.1
Read World Bank Group’s Doing Business study.

Sources: World Bank Group | JIC Media

 

 

 

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