Gambia among 10 worst African countries for business in 2018

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Gambia’s finance minister Amadou Sanneh

According to a ranking by an American business magazine, Forbes, Gambia is among the top ten worst business destinations in Africa for 2018.

South Africa clinched the first position on the index for best country to do business on the continental.

Forbes, the American business magazine, has ranked 10 African countries as the worst business destinations in 2018.

The magazine based the ranking on innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape and investor protection.

The United Kingdom was ranked as the best country for business in 2018.

In Africa, South Africa clinched the 48th and the best place on the index for best country to do business on the continental followed by Morocco on 55th position and Rwanda in a distant 79th position.

Africa’s populous nation, Nigeria, was ranked 115th, beaten by Benin Republic, Ghana, Kenya, Tunisia, Tanzania.

These are the 10 worst countries for business in Africa this year:

  1. Chad
    GDP: $10 billion
    Tax Burden rank: 152
    Innovation rank: 128
    Workforce rank: 102
    Red Tape rank: 150
  2. Gambia
    GDP: $1.0 billion
    Tax Burden rank: 136
    Innovation rank: 106
    Workforce rank: 138
    Red Tape rank: 141
  3. Libya
    GDP: $20 billion
    Tax Burden rank: 104
    Innovation rank: NA
    Workforce rank: 141
    Red Tape rank: 139
  4. Guinea
    GDP: $8.5 billion
    Tax Burden rank: 148
    Innovation rank: 48
    Workforce rank: 115
    Red Tape rank: 106
  5. Burundi
    GDP: $3.1 billion
    Tax Burden rank: 112
    Innovation rank: 121
    Workforce rank: 124
    Red Tape rank: 39
  6. Zimbabwe
    GDP: $16 billion
    Tax Burden rank: 116
    Innovation rank: 131
    Workforce rank: 83
    Red Tape rank: 148
  7. Togo
    GDP: $4 billion
    Tax Burden rank: 140
    Innovation rank: 121
    Workforce rank: 124
    Red Tape rank: 39
  8. Mauritania
    GDP: $5 billion
    Population: 3.8M
    Tax Burden rank: 145
    Innovation rank: 135
    Red Tape rank: 40
  9. Democratic Republic of Congo
    GDP: $39 billion
    Population: 83.3M
    Tax Burden rank: 147
    Innovation rank: 115
    Red Tape rank: 56
  10. Liberia
    GDP: $2 billion
    Population: 4.7M
    Tax Burden rank: 62
    Innovation rank: 118
    Red Tape rank: 49

Source: Modern Ghana

2018-09-11T16:31:42+00:00

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