10 Best African Countries to live and work or invest in 2021 | Doing Business in Africa
10 Best African Countries to live and work or invest in 2021
A lot of African countries have gone through tumultuous times in their bid to break free of the rot of poverty and ignorance that they have been mired in by their leaders, and a lot of those countries have emerged powerfully and stable, and are staking a hold for themselves in the world.
The rich natural resources of countries in this continent, their exploding hardworking population, and huge investment opportunities have made Africa one continent to look to for viable investment opportunities. Before we go further, the big questions on your mind might be like: Why Invest in Africa? Why Start a Business in Africa?
Permit me explain!
In 2013, Africa was named the world’s fastest-growing continent as it grew at a rate of 5.6% a year, and its GDP is expected to rise by an average of over 6% yearly between 2013 and 2023. Going further in 2017, the African Development Bank reported Africa to be the world’s second-fastest growing economy, and estimated that average growth rebounded to 3.4% in 2017, while growth increased by 4.3% in 2018. Indications of positive economic growth have been very visible throughout the continent, with over one-third of Sub-Saharan African countries posting 6% or higher growth rates, and another 40% growing between 4% to 6% per year. It is also on record that a lot of international business observers have named Africa as the future economic growth engine of the world. Smart investors are presently going behind the scenes and taking advantage of this positive economic statistics and ratings, and you too can. Granted, doing business in Africa comes with certain risks like corruption, lack of transparency, bureaucracy and the likes, but if you are able to walk your way around these problems, the African continent would provide you better returns than anywhere else in the developed world.
Using the World Bank’s ease of doing business report of 2020, here are the top 10 Best African Countries to live and work or invest in 2021 and slightly beyond.
Number 1: Mauritius.
Mauritius is an Island off the coast of east Africa. The country has been transformed from a low-income agricultural based economy into a diversified upper middle-income economy that has a robustly growing financial, industrial and tourism sectors. All these along with sound economic policies and prudent banking practices have shored up Mauritius’s economic ranking. The ease of getting building permits and other licenses in Mauritius beats most African countries. It takes just 6 days to start a business, 14 days to register a property and 81 days to be connected to electricity in Mauritius. The country’s efficient and transparent regulatory environment supports relatively broad-based economic development with competitive tax rates and a fairly flexible labor code to facilitate private-sector growth. In addition to being a hub for financial services, it is also a beautiful island that attracts a large amount of tourism. Foreigners are allowed to own and develop property on the island and automatically qualify for permanent residency if they invest more than $500,000.
#InvestInAfrica #DoingBusinessInAfrica
Thanks for watching POSITIVE AFRICA, We are #Africa and we are proud to be.
All our videos are aimed at Educating, Informing, Reporting, Reviewing, Criticizing & Ranking everything #African. Our content includes: #africanews #africalist #Africanpopculture #Africaentertainment #Afrcicanmusic #Africanculture #Africainterviews #AfricaSpeeches #Africanpolitics & #Panafrican
If you love what I do and would want me to do better, you can support me here:
👇🏽👇🏽👇🏽
Email us @[email protected] for News Tips, content submission, ads partnership, collabos, sponsorship or content issues.
We are Africa!!! #Algeria #Angola #Benin #Botswana #BurkinaFaso #Burundi #CapeVerde #Cameroon #CentralAfricanRepublic #CAR #Chad #Comoros #DRCongo #Congo #IvoryCoast #Djibouti #Egypt #EquatorialGuinea #Eritrea #Eswatini #Swaziland #Ethiopia #Gabon #Gambia #Ghana #Guinea #GuineaBissau #Kenya #Lesotho #Liberia #Libya #Madagascar #Malawi #Mali #Mauritania #Mauritius #Morocco #Mozambique #Namibia #Niger #Nigeria #Rwanda #SaoTomePrincipe #Senegal #Seychelles #SierraLeone #Somalia #SouthAfrica #SouthSudan #Sudan #Tanzania #Togo #Tunisia #Uganda #Zambia #Zimbabwe #AfricaUnion #AU
source