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Forbes unveils its ranking of best countries for business in 2019, here are the African best

Thursday, 03 January 2019 16:53
Forbes unveils its ranking of best countries for business in 2019, here are the African best

(Ecofin Agency) - 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)

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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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