The growth of entrepreneurship in Africa has been tremendous. Different initiatives are being born and run every day, despite the sometimes-dire economic circumstances in some countries. Just recently, rapper Akon announced that he will set up a futuristic city in Senegal.
Such initiatives are quite beneficial to the economy and social life of Africans all across the continent. However, questions abound as to which African country has the best environment for entrepreneurs.
The Global Entrepreneurship and Development Institute came up with the Global Entrepreneurship Index (GEI) in which it ranks countries worldwide according to 14 main pillars, including perception, cultural support as well as risks associated with running a business.
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For the 2018 edition of the GEI, it sampled 137 countries. The report indicated that Sub-Saharan Africa showed the greatest strength in Opportunity Perception, the pillar that gauges the ability of a population to identify entrepreneurship opportunities to start a business.
Here are the top five countries that are perfect for entrepreneurship and investment.