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These Are The 10 Worst Countries for Business in Africa in 2018

In one of our recent articles, we talked about the top best African countries to do business as an entrepreneur  or intending business owners. However, we thought it is okay for us to let you the least performing nations in Africa in terms of business consideration and investment.

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.

ALSO READ: How Sub-Saharan Africa countries convert wealth to well-being for their citizens

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:

10. Chad

These are the 10 worst countries for business in Africa in 2018Chad’s President Idriss Deby opens a spigot in 2003 on part of the 665-mile pipeline linking his country to Cameroon’s Atlantic coast

 (AFP)

GDP: $10 billion

Tax Burden rank: 152

Innovation rank: 128

Workforce rank: 102

Red Tape rank: 150

9. Gambia

These are the 10 worst countries for business in Africa in 2018post-Yahaya Jammeh in Gambia

 (St. Lucia Times)

GDP: $1.0 billion

Tax Burden rank: 136

Innovation rank: 106

Workforce rank: 138

Red Tape rank: 141

8. Libya

These are the 10 worst countries for business in Africa in 2018Libyan men walk along the seaside promenade near the courthouse of the eastern city of Benghazi

 (TRT World)

GDP: $20 billion

Tax Burden rank: 104

Innovation rank: NA

Workforce rank: 141

Red Tape rank: 139

7. Guinea

These are the 10 worst countries for business in Africa in 2018A man checks his money on streets of Conakry July 1, 2010.

(REUTERS/Luc Gnago)

GDP: $8.5 billion

Tax Burden rank: 148

Innovation rank: 48

Workforce rank: 115

Red Tape rank: 106

6. Burundi

These are the 10 worst countries for business in Africa in 2018A street in Bujumbura, the capital city of Burundi

 (Adventure Rider)

GDP: $3.1 billion

Tax Burden rank: 112

Innovation rank: 121

Workforce rank: 124

Red Tape rank: 39

5. Zimbabwe

These are the 10 worst countries for business in Africa in 2018Zimbabwe

 (PSI)

GDP: $16 billion

Tax Burden rank: 116

Innovation rank: 131

Workforce rank: 83

Red Tape rank: 148

4. Togo

These are the 10 worst countries for business in Africa in 2018Protesters hurl bricks at Togolese security forces during a demonstration against President Faure Gnassingbé in Lomé

 (Mail and Guardian)

GDP: $4 billion

Tax Burden rank: 140

Innovation rank: 121

Workforce rank: 124

Red Tape rank: 39

3. Mauritania

These are the 10 worst countries for business in Africa in 2018Nouakchott Capital City of Mauritania

 (NationalPedia)

 

GDP : $5 billion

Population: 3.8M

Tax Burden rank: 145

Innovation rank: 135

Red Tape rank: 40

2.  Democratic Republic of Congo

These are the 10 worst countries for business in Africa in 2018The Democratic Republic of Congo has the second-largest swath of rainforests in the world

 (CIFOR Forests News)

GDP: $39 billion

Population: 83.3M

Tax Burden rank: 147

Innovation rank: 115

Red Tape rank: 56

1.  Liberia

These are the 10 worst countries for business in Africa in 2018Liberia capital city

 (KTV Liberia)

GDP: $2 billion

Population: 4.7M

Tax Burden rank: 62

Innovation rank: 118

Red Tape rank: 49

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