5 worst countries in Africa to become a billionaire

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

Mildred Europa Taylor

Mildred Europa Taylor | Associate Editor

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

Pic credit: eo.wikipedia.org

Eritrea

This is one of the world’s poorest nations. With an impoverished population, it would be difficult for business startups to have a sustainable financial base for growth. There are also challenges of infrastructure, foreign exchange reserves, internet penetration and red tape as government tightly controls people’s economic activity. Startups or businesses often find it difficult to grow within such an environment and these affect their growth and any profit they could make.

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