Top 10 countries to start a business in Africa

According to Bloomberg, 3 in every 4 start-ups fail. You may be wondering: is it the ideas which are not worthy? Are entrepreneurs not good enough? Certainly those are not the main factors. Too often those failures are a result of being in the wrong environment and without the necessary conditions to ensure your business growth.

When starting a business the location should be as important as the business plan. Perhaps even more important, as the business plan should be adapted to the market and macroeconomic situation of the place you are established.

The World Bank has an annual report denominated “Doing Business,” where it presents an evaluation of the world’s economies and regulations which enhance or constrain the normal functioning of a business.

This report focus on various areas which an entrepreneur should be aware of when starting a business, areas like the time it takes to start a business, dealing with construction permits, getting credit, getting all the basic services like electricity, registering the property, paying taxes, and protection to investors.

If you are thinking about taking your business idea out of the paper or enlarging the sphere of influence of your business, then you should consider the following list:

#10. Swaziland

Days to start a business: 30
GNI per capita: $2700
DTF score for getting credit: 55

#09. Namibia

Days to start a business: 66
GNI per capita: $5820
DTF score for getting credit: 60

#08. Zambia

Days to start a business: 7.5
GNI per capita: $1760
DTF score for getting credit: 75

#07. Seychelles

Days to start a business: 32
GNI per capita: $13,990
DTF score for getting credit: 55

#06. Morocco

Days to start a business: 10
GNI per capita: $3020
DTF score for getting credit: 40

#05. Tunisia

Days to start a business: 11
GNI per capita: $4459
DTF score for getting credit: 35

#04. South Africa

Days to start a business: 46
GNI per capita: $6800
DTF score for getting credit: 60

#03. Botswana

Days to start a business: 48
GNI per capita: $7880
DTF score for getting credit: 55

#02. Rwanda

Days to start a business: 5.5
GNI per capita: $650
DTF score for getting credit: 95

#01. Mauritius

Days to start a business: 6
GNI per capita: $9710
DTF score for getting credit: 65

Source: Doing Business 2016

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