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Do you want to start a business in Africa? If yes, check out this list of countries with the best ranks on ease of doing business. Read details!
While Africa is famous for its vast national resources and fertile soils, the World Bank reports that it offers a favorable environment for people to do business or start new companies. Today’s article will list the best countries to start a company or business in Africa. Read on!
Morocco has earned a significant reputation for its gorgeous landscapes, delicious food, and vibrant culture. However, the country’s business environment has prominent features, allowing people to start and run successful companies.
The government and private sector have made substantial efforts to improve the operating environment with easy access to investors and funds. Because Morocco is accessible to Europe, it offers a tremendous atmosphere for businesses to remain competitive and generate higher profits.
Kenya has excellent business relationships with countries in Africa, Europe, and Asia. The recent collaboration with IBM for technology development and the IT industry has paved a path for people to start and run successful tech companies.
According to the World Bank, Kenya’s economy will grow at a stable 6.1% per annum. IMF has made the exact prediction, and various sectors, including financial, transportation, food, and technology, are the best industries to start a company.
Rwanda has had over six percent annual growth for the last twenty years, making it one of the best countries in Africa for starting a business. The country claims the fast-growing economy in Africa.
Rwanda implemented favorable entrepreneurial reforms in 2018, and since then, the country’s industrial and business growth has skyrocketed. In addition, the country makes efforts to streamline technology, software, insurance, and financial sectors. Rwanda is second to New Zealand regarding easy business registration.
Ghana has over 47 billion dollars in GDP with major commodities like gold, oil, and cocoa. Ghana started producing petroleum products in 2020, and since then, the country has enjoyed fast and efficient economic growth.
According to the World Bank, Ghana will have a more streamlined business growth between 2021 and 2030 because the government has developed business-friendly laws and policies with increased access to funds.
Although Mauritius has a small market size, investors pay more attention to the country due to the ease of business, making it the highest-ranked country in Africa to start and run successful companies.
Mauritius has introduced new laws to ensure an open-minded financial sector, implement low taxation policies, and provide businesses with a steady socioeconomic environment.
Ethiopia is a landlocked nation and has become Africa’s most prominent manufacturing hub. Starting and running a business in Ethiopia is straightforward and profitable due to improved infrastructure development, cheap labor, and tax incentives, attracting more and more investors to the country.
UNCTAD makes efforts to enable investors to find opportunities for business in Ethiopia. The purpose is to help them understand laws, industrial standards, business procedures, and costs.
Although Africa has many countries to start a profitable business, these countries provide people with favorable environments and funding sources to run successful companies. Until Next Time!
Do you want to know about Africa’s top ten inspirational people? If yes, you have landed on the right page. Here is what you need to know!
Inspiration is vital for people from all walks of life to achieve their goals. It awakens new possibilities and allows people to surpass their limitations and make their dreams come true. Today’s article will list the top ten inspiring Africans and how they made a fortune. Read on!
Abiy Ahamed made substantial efforts to release over 60,000 political prisoners. Ahmed brought peace to the region, prevented ethnic violence, and signed a multi-million dollar deal to establish infrastructure in the country. Therefore, Abiy Ahamed is the most inspiring leader in Ethiopia.
Kumi Naidoo was appointed as the secretary general of Amnesty International. Naidoo was an activist in the young during the South African apartheid and the first leader of Greenpeace. Naidoo is an inspiration for young people to promote peace and harmony and prevent human rights abuses and environmental crimes.
Enoch Adeboye is one of the highest-profile pastors in Nigeria who made substantial efforts to bring religious peace to the country. Enoch runs various non-profit organizations that develop stability, inspire the young generation to adopt leadership roles and make the country prosperous.
Davido is one of the wealthiest Africans, with a net worth of 16 million dollars. Davido inspired young Nigerians to vote during the 2019 elections through inspirational music. Davido aims to reach the U.S markets and set on gigs in the western countries. The young music fans loved the passionate performance at Madison Square Gardens and O2 Arena.
Tidjane Thiam is another inspirational personality in Africa. He became the head of numerous global organizations, including a prominent member of the International Olympic Committee. Thiam is the executive chairman of Freedom Acquisition, an international investment company.
Trevor Noah is among the most inspirational African leaders with millennial-inspired thinking and vision. Although Noah lives in America, he has African roots and prominent skills in comedy. Noah appeared as a contestant on a dance competition show in 2008 and performed his first comedy show in 2009.
Chimamanda Ngozi Adichie inspired women globally to break gender stereotypes, promote human rights, and prevent the subjugation of sexualities and women in society. Adiche says feminism is an integral part of human rights, and the world can never achieve peace and prosperity without the role of women.
Koos Bekker is famous for transforming the media industry and newspaper publisher Naspers and developing innovative eCommerce solutions, including investment opportunities for people. Bekker is the founder of Naspers and invested more than 34 million dollars in a Chinese internet firm to promote technological innovations in South Africa.
Elon Musk is one of the world’s most famous entrepreneurs and billionaires, competing with Bill Gates, Jeff Bezos, and other billionaires. Musk owns an electric car manufacturing company and Space X, the best space exploration platform. The best thing about Musk is that this brilliant mind belongs to the African continent.
Aliko Dangote is among the wealthiest African men, with an estimated 10.3 billion dollars. Dangote has invested in a multi-billion dollar oil refinery, probably the most significant infrastructure in Africa. Dangote has also invested in the agricultural sector and launched the London IPO of Dangote Cement in 2019.
Many inspirational people living all around the world has African roots. The personalities mentioned in this article don’t just talk about their dreams and goals but also act upon them. These inspirational personalities have made significant efforts to overcome every obstacle through their innovative and forward thinking.
What are the most in-demand jobs in the technology sector in Africa? Check out this post to get the list and details and find a job that suits you!
Are you considering making a change in your career? The tech sector offers excellent opportunities and several career paths. So, which role might be proper for you? Companies in Africa are willing to hire professional technicians with different backgrounds and experiences in various industries and professions.
Technology project managers are responsible for the planning, developing, and installing systems or new technologies within the company. Working as a project manager also allows you to work across different industries.
Every company needs technical help. Helpdesk members support, monitor, and maintain technology in the workplace and respond to requests for assistance from business users. Technical support provides the opportunity to work in different types of companies and explore various industries.
The role of a technical consultant is versatile. You can join a technological project at any project’s life cycle stage. For example, you may find yourself pitching for a contract, upgrading specifications to implement systems for external clients. It is one of the highest-paying jobs in Africa because numerous businesses require technical support to streamline their operations.
Systems analysts research and analyze problems to design technological solutions in companies. The position requires extensive technical knowledge to ensure that you can respond to business requests. A system analyst supports a company’s software team and provides favorable environments to design and develop state-of-the-art applications.
Working as a web developer is all about building the infrastructure behind web pages. It is a somewhat technical role with requirements for coding and programming. If you have a creative side as well as a technical one, this role allows you to embrace both. You can use web development skills as a freelancer and in agencies in small and large companies.
You will have to design and program software systems as a software engineer. However, it requires an understanding of the functions of programs and tools. The role allows interaction with other areas of the company to evaluate and provide solutions.
Working as a business analyst in Africa is trying to improve business processes and operations using technology. As a Business Analyst, you will be required to analyze business needs, meet requirements and create a project plan to design technology solutions.
A network engineer is one of the most demanding jobs in the technology sector. Numerous companies in Africa require the development of solid network infrastructure, so a network engineer is what they need to achieve their goals. It includes designing, creating, and maintaining communication systems. Network engineers work in an internal support team or agency to address customer needs.
Technology is constantly evolving and developing, so software testers must test, fix, and analyze systems to determine how they might fail. As a software tester, you will have the opportunity to work on different stages of projects and the opportunity to advance the work.
Finding a job in Africa is easy, especially if you have the relevant experience and skills. You can leverage various platforms to find a high-paying job if you have experience and extensive knowledge of the above occupations.
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