The World Bank’s “Ease of Doing Business” index assesses government regulations affecting domestic businesses in 185 countries. The aim of the report is to show improvement in such regulations is good for economic growth. Based on the report we have compiled a list of the top ten African countries for doing business.
While agriculture and copper mining have traditionally been important in Zambia, the government is now promoting tourism, gemstone mining, and hydro-power as well. According to the 2013 “Ease of Doing Business” report, “Zambia strengthened its insolvency process by introducing further qualification requirements.”
The most important sectors in Namibia are mining, agriculture, manufacturing, and tourism. According to the World Bank, “Namibia has made getting electricity easier.” Namibia however dropped the most number of places in the top ten African countries in the index. Namibia fell six places – it is now the 87th.
Tourism is the main industry in Seychelles, a gorgeous country composed of 115 islands. Fishing, farming, vanilla and coconut processing are also important industries. Seychelles jumped up two places in the ranking, since 201,2 to 74th on the “Ease of Doing Business” index.
Ghana exports a variety of resources, including industrial minerals, timber, cocoa, petroleum, natural gas, and gold. Information technology, retail, tourism, electricity generation and oil production are all important to Africa’s ninth largest economy. According to the World Bank, Ghana is the 64th easiest place in the world to do business in.
Since independence, Botswana’s economy has had one of the fastest growth rates per capita in the world. Diamond and precious metal mining are vital to the Batswana economy, but the government is working to diversify their industries. Botswana has made importing and exporting faster, according to the 2013 “Ease of Doing Business” report.
Tourism is one of the fastest growing sectors in Rwanda, also known as the “Singapore of Africa.” Despite almost a decade of civil war, citizens’ and leaders’ commitment to reform has paid off with a strong economy and healthy business climate. According to the World Bank, Rwanda is the 52nd easiest place in the world to do business in.
Tunisia has a diverse economy, important sectors include agriculture, mining, manufacturing, petroleum products, and tourism. In 2009, Tunisia was ranked the most competitive economy in Africa. Tunisia dropped five places from last year to the 50th easiest place to do business.
In South Africa, tourism, auto manufacturing, information and communication technology development, and mining are the key industries. According to the World Bank, South Africa has reduced the time and the number of documents required to export and import through its ongoing customs modernization program.