AFRICA: It is Getting Easier to Start a Business in Africa
Recent Gauteng Business News
The five countries in Africa where it is easiest to do business are Mauritius (ranked 20th on the World Bank’s 2014 ease of doing business index), Rwanda (32), South Africa (41) Tunisia (51) and Botswana (56).
More African countries are making it easier and faster to do business: over two-thirds decreased the number of procedures required to start a business between 2005 and 2013; and over three-quarters reduced the number of days.
Rwanda and Madagascar have the lowest number of procedures required to start a business, at two, while Equatorial Guinea has the highest, at 18.
Rwanda has the lowest number of days required to start a business at two days whereas it takes 135 days to start a business in Equatorial Guinea.
In comparison, it takes 19 days to open a business in South Africa and five procedures.
“Small to medium-sized enterprises are important drivers of job creation and economic growth,” said GGA researcher Georgina Alexander. Although the rates of improvement are not uniform across the continent, it is encouraging to see that most African countries are making it easier to start a business.”
Business News Sector Tags: Africa|