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5 worst countries in Africa to become a billionaire

November 12, 2018 at 07:00 am | Money Moves

Mildred Europa Taylor

Mildred Europa Taylor | Staff Writer

November 12, 2018 at 07:00 am | Money Moves

Pic credit: keepthefaith.co.uk

Somalia

It is the most challenging place to do business, according to World Bank’s Doing Business 2018 report, and this has been attributed to serious problems of political instability, economic collapse, and terrorism threats by militant group al-Shabaab. Its global ranking is 190, the last on the list. It will be difficult to set up businesses in such an environment, thus, to think of becoming a billionaire from Somalia at this moment would be a misnomer.

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