12 Sub-Saharan African Countries Where It’s Easiest To Start A Business
Starting a company is never simple, but in some places it is far easier to start a business than it is in others.
Africa is no different, and due to a number of factors such as regulation, requirements and government incentives, establishing a business in one part of the continent is not comparable to another.
The World Bank recently ranked economies using various factors, and one of those was the ease of starting a business.
Here are 12 sub-Saharan African countries where it is easiest to start a business.
Sneaking into the list at number 12, Senegal is ranked as one of the nations in sub-Saharan Africa where it is easiest to set up a new business, whether it be a tech business, a service industry firm or any other kind of enterprise.
Niger may not always appear to be the most politically and socially stable of country’s on the African continent, but they can be proud to appear on this list as a country where opening a business is not hindered by over-regulation and other difficulties.
Sierra Leone’s economy was hit hard in recent years due to the Ebola virus and the nation’s struggles to contain it, but now some positive news concerning the easy of opening a business in the country is a step in the right direction for Sierra Leone’s economy.
Aside from providing one of the most open media environments in the Maghreb, Mauritania is also among the top 10 countries in sub-Saharan Africa with regards to the ease of opening a business, such as a tech firm, according to the World Bank.
Rwanda is quickly embracing ICT and new technologies, with government projects aiming to increase connectivity and smart city tech across the country. With a government so receptive to tech, Rwanda’s place on this list is hardly a surprise.
The West African nation of Burkina Faso is within the top seven countries in sub-Saharan Africa in terms of the ease of opening a new business, which is an attractive measurement for most entrepreneurs, especially those looking to launch tech startups.
When online commerce platform WaystoCap looked to set up an office in West Africa, they selected Benin as their base, due to various factors, one of which was the ease of starting a new operation within the land-locked nation.
Ivory Coast has been attracting investors to the country with its new-found stability and booming economy, and it certainly helps that the government has worked to position the country as a growing tech and startup hub in West Africa, improving the ease of opening businesses as a result.
Mauritius continues to be a shining light in sub-Saharan Africa, and on this particular list they have done well to place fourth. With the Mauritian coastline as the background, which tech entrepreneurs would not want to start a company on the stunning Indian Ocean islands?
With Liberia fairing rather poorly in many of the other World Bank economy indicators such as the ability to get credit, electricity access and trading across borders, perhaps it is somewhat unexpected that it is easy to start a tech business in Liberia.
São Tomé and Príncipe
A surprising inclusion on this list, especially at number two, São Tomé and Príncipe makes it easy for entrepreneurs to get their businesses up and running due to little regulation and the right conditions to allow businesses to be established with ease.
Topping the list of sub-Saharan African countries that allow for businesses to be started with ease, Burundi can be proud of their World Bank ranking in this category, and will no doubt use this positive aspect to grow the economy.
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