Starting a business on the African continent has not been easy, especially for investors abroad. Apart from it being costly, interests on bank loans are staggering.
Electricity supply in some countries is yet to improve as the current situation is having a toll on people and already established businesses.
Some African countries are, however, going past these challenges to become preferred destinations to establish businesses.
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The “Doing Business 2020” of the World Bank looks at 190 nations and evaluates the business environment on the basis of 10 measures such as access to credit, with an overall ranking that compares with the other countries.
Doing Business 2020 is a World Bank Group flagship publication, and it is the 17th in a series of annual studies, which provides objective measures of business regulations and their enforcement.
Only two Sub-Saharan African economies ranked in the top 50 on the ease of doing business rankings. Here are the top five African countries you’d find easier to do business in the coming year.