Many investors, businessmen and economic experts believe that Africa is the continent of the future where there are many excellent investment opportunities in which it facilitates the practice of business and investment activities, adding to all this low costs compared to different countries in the world as well as the weakness of competition, which was personally considered one of the most important factors for the success of any If you are an investor and want to invest money in the continent, it is good to follow up with us in this article, where we will present a list of the best countries in Africa for investment this year in terms of ease of doing business by the World Bank.
Africa's Best Investment Countries 2017:
1. Mauritius (49th World):
The country's spectacularly beautiful economy is mainly based on tourism, the textile industry and sugar production. In recent years, governments have shown great interest in the renewable energy and information technology sectors. Business 2013 ", Mauritius successfully changed its transfer policies as it took 210 days in the past and only 15 days now, which has made it much easier for investors. It has also succeeded in promoting investments and businesses by facilitating access to information Credit. Since 2012, Mauritius has moved from one positive rating to another in the World Bank's annual report on business performance and is currently ranked 49th in the world, the first at the African level.
2. Rwanda (56 world wide):
The country torn by civil war and epidemics has become one of the best countries in Africa to invest in and even one of the best countries in the world in terms of ease of doing business. It comes second on the African level after Mauritius and is ranked 56th on the world level, The government's commitment to economic reform and taking some important measures to encourage foreign investors to invest in Rwanda (such as reducing company registration fees, connecting electricity to companies within 30 days, access to licenses and operating new companies or factories in just three days) In addition to the awareness of citizens and their desire to work and get rid of the effects of wars and wars were the cause of the radical transformation of Rwanda from a country torn into a country that attracts investors from around the world.
3. Botswana (71 globally):
Botswana was one of the poorest countries in the world, but since independence in 1966 it has changed dramatically at all levels and its economy has become one of the best in the world with a growth rate of 9% per annum. Has been a major cause of the country's economic boom despite governments seeking to diversify industries and encourage investment in other sectors. A World Bank report on Africa's best investment countries in terms of ease of doing business said Botswana had for the import and export of goods by about 7 days. The Government has also simplified the procedures for the establishment and licensing of companies. It has been possible to start within 47 days, in addition to the development of government techniques, and of course these factors are in the interests of investors and facilitate their business activities.
4. South Africa (74th globally):
South Africa ranks fourth in the list of the best investment countries in Africa and 74th in the world, according to the World Bank's Doing Business Report 2017. South Africa has reduced documents For export and import operations. Through the Customs Modernization Program, it has been able to reduce the period of export of goods from 30 days in 2008 to only 16 days at present. It has also reduced the period of import of goods from 35 days to 23 days. It also amended the tax code to become the preparatory time For taxes of 200 hours per year with a maximum of 350 hours . South Africa has a major contribution to the economy: mining, telecommunications, information technology, automotive industry and major industries.
5. Kenya (No. 92 globally):
Kenya is investing huge amounts of money in the transport, energy and communications sectors. It has huge projects such as Google and the wind power infrastructure network, and because of the availability of skilled and skilled manpower in the use of the latest technology Infrastructure development Because of the privileged geographical location accessible to European and Asian markets and also because of the incentive laws, Kenya is now one of the best countries in Africa to invest and launch projects. According to the World Bank report, Kenya has reduced the time taken to approve tax obligations from 405 hours in the past to just 196 hours at the moment and has facilitated the process of starting a business by removing stamp duties required for nominal capital, Memorandum and Articles of Association, Requirements for signing a commitment document before the department commissioner.
6. Seychelles (93 globally):
The tourism sector is the most important source of income in Seychelles. This country consists of 115 islands and a large number of lovers of beach and sea tourism. They are characterized by nature, pleasant atmosphere and good prices. Other sectors contribute to the economy of this country. Such as fishing, agriculture, vanilla, coconut products and others. It is noteworthy that the governments in Seychelles are seeking to attract foreign investors to invest in its territory in different sectors and encouraged them by canceling the social security tax and reduced the taxes on labor and corporate income, which made it ranked 93rd in the world and sixth at the African level in the report on the ease of doing business for 2017 .
7. Zambia (98th worldwide):
Zambia is famous for agriculture and copper mining, but governments have recently sought to encourage domestic and foreign investors to invest in other sectors such as tourism, mining of precious stones and hydropower. The minimum capital required to start commercial activities has been abolished, In the courts to an electronic system, making the process of obtaining issues papers, laws and records that are vital to potential investors easier, and based on those steps that stimulate investors, the World Bank put Zamb A ranked No. 98 in the world and seventh on the African level in the ease of doing business for the year 2017 report.
8. The Kingdom of Lesotho (100 world):
Many of us know nothing about the Kingdom of Lesotho but it is one of the best countries in Africa to invest at the present time. The economy of this kingdom is based on agriculture, livestock, mining and textile industry, but in recent years there has been a boom in the sector The sector has contributed about 8.5% of gross domestic product (GDP) since 2015. In order to encourage investments, the Kingdom of Lesotho has improved access to credit information by expanding the credit bureau and its investment laws are not complicated, It is one hundred percent Mia Africa and the eighth in the ease of business issued by the World Bank report in 2017.
9. Ghana (108 world wide):
Ghana is the ninth most powerful economy in Africa. Its economy is not based on one industry or limited sectors. It is based on various industries and sectors. Exports are one of the most important factors of income. Ghana exports many resources and products such as "In addition, Ghana is encouraging foreign investors to invest in its territory," he said. "There are other areas that contribute to the growth of the Ghanaian economy such as retail trade, information technology, tourism, oil production and electricity generation. Amendments to the system And to reduce the duration of the establishment of companies and projects to become only 12 days after it was 42 days in 2008. For these reasons, the World Bank ranked it number 108 in the world in the report issued on the ease of activities And business this year.
10. Namibia (108 globally):
is one of the total and stable countries politically and economically. The sectors of agriculture, manufacturing and tourism are among the most important sources of income in this country. In the past few years, governments have encouraged foreign investors to come to invest in their lands. Such as power delivery in 38 days after a 55-day period, and new regulations making registration easier. Namibia dropped to six positions compared to last year's report to equal with Ghana in the same ranking but it did not Late one of the best African countries to invest.
Africa's Best Investment Countries 2017:
1. Mauritius (49th World):
The country's spectacularly beautiful economy is mainly based on tourism, the textile industry and sugar production. In recent years, governments have shown great interest in the renewable energy and information technology sectors. Business 2013 ", Mauritius successfully changed its transfer policies as it took 210 days in the past and only 15 days now, which has made it much easier for investors. It has also succeeded in promoting investments and businesses by facilitating access to information Credit. Since 2012, Mauritius has moved from one positive rating to another in the World Bank's annual report on business performance and is currently ranked 49th in the world, the first at the African level.
2. Rwanda (56 world wide):
The country torn by civil war and epidemics has become one of the best countries in Africa to invest in and even one of the best countries in the world in terms of ease of doing business. It comes second on the African level after Mauritius and is ranked 56th on the world level, The government's commitment to economic reform and taking some important measures to encourage foreign investors to invest in Rwanda (such as reducing company registration fees, connecting electricity to companies within 30 days, access to licenses and operating new companies or factories in just three days) In addition to the awareness of citizens and their desire to work and get rid of the effects of wars and wars were the cause of the radical transformation of Rwanda from a country torn into a country that attracts investors from around the world.
3. Botswana (71 globally):
Botswana was one of the poorest countries in the world, but since independence in 1966 it has changed dramatically at all levels and its economy has become one of the best in the world with a growth rate of 9% per annum. Has been a major cause of the country's economic boom despite governments seeking to diversify industries and encourage investment in other sectors. A World Bank report on Africa's best investment countries in terms of ease of doing business said Botswana had for the import and export of goods by about 7 days. The Government has also simplified the procedures for the establishment and licensing of companies. It has been possible to start within 47 days, in addition to the development of government techniques, and of course these factors are in the interests of investors and facilitate their business activities.
4. South Africa (74th globally):
South Africa ranks fourth in the list of the best investment countries in Africa and 74th in the world, according to the World Bank's Doing Business Report 2017. South Africa has reduced documents For export and import operations. Through the Customs Modernization Program, it has been able to reduce the period of export of goods from 30 days in 2008 to only 16 days at present. It has also reduced the period of import of goods from 35 days to 23 days. It also amended the tax code to become the preparatory time For taxes of 200 hours per year with a maximum of 350 hours . South Africa has a major contribution to the economy: mining, telecommunications, information technology, automotive industry and major industries.
5. Kenya (No. 92 globally):
Kenya is investing huge amounts of money in the transport, energy and communications sectors. It has huge projects such as Google and the wind power infrastructure network, and because of the availability of skilled and skilled manpower in the use of the latest technology Infrastructure development Because of the privileged geographical location accessible to European and Asian markets and also because of the incentive laws, Kenya is now one of the best countries in Africa to invest and launch projects. According to the World Bank report, Kenya has reduced the time taken to approve tax obligations from 405 hours in the past to just 196 hours at the moment and has facilitated the process of starting a business by removing stamp duties required for nominal capital, Memorandum and Articles of Association, Requirements for signing a commitment document before the department commissioner.
6. Seychelles (93 globally):
The tourism sector is the most important source of income in Seychelles. This country consists of 115 islands and a large number of lovers of beach and sea tourism. They are characterized by nature, pleasant atmosphere and good prices. Other sectors contribute to the economy of this country. Such as fishing, agriculture, vanilla, coconut products and others. It is noteworthy that the governments in Seychelles are seeking to attract foreign investors to invest in its territory in different sectors and encouraged them by canceling the social security tax and reduced the taxes on labor and corporate income, which made it ranked 93rd in the world and sixth at the African level in the report on the ease of doing business for 2017 .
7. Zambia (98th worldwide):
Zambia is famous for agriculture and copper mining, but governments have recently sought to encourage domestic and foreign investors to invest in other sectors such as tourism, mining of precious stones and hydropower. The minimum capital required to start commercial activities has been abolished, In the courts to an electronic system, making the process of obtaining issues papers, laws and records that are vital to potential investors easier, and based on those steps that stimulate investors, the World Bank put Zamb A ranked No. 98 in the world and seventh on the African level in the ease of doing business for the year 2017 report.
8. The Kingdom of Lesotho (100 world):
Many of us know nothing about the Kingdom of Lesotho but it is one of the best countries in Africa to invest at the present time. The economy of this kingdom is based on agriculture, livestock, mining and textile industry, but in recent years there has been a boom in the sector The sector has contributed about 8.5% of gross domestic product (GDP) since 2015. In order to encourage investments, the Kingdom of Lesotho has improved access to credit information by expanding the credit bureau and its investment laws are not complicated, It is one hundred percent Mia Africa and the eighth in the ease of business issued by the World Bank report in 2017.
9. Ghana (108 world wide):
Ghana is the ninth most powerful economy in Africa. Its economy is not based on one industry or limited sectors. It is based on various industries and sectors. Exports are one of the most important factors of income. Ghana exports many resources and products such as "In addition, Ghana is encouraging foreign investors to invest in its territory," he said. "There are other areas that contribute to the growth of the Ghanaian economy such as retail trade, information technology, tourism, oil production and electricity generation. Amendments to the system And to reduce the duration of the establishment of companies and projects to become only 12 days after it was 42 days in 2008. For these reasons, the World Bank ranked it number 108 in the world in the report issued on the ease of activities And business this year.
10. Namibia (108 globally):
is one of the total and stable countries politically and economically. The sectors of agriculture, manufacturing and tourism are among the most important sources of income in this country. In the past few years, governments have encouraged foreign investors to come to invest in their lands. Such as power delivery in 38 days after a 55-day period, and new regulations making registration easier. Namibia dropped to six positions compared to last year's report to equal with Ghana in the same ranking but it did not Late one of the best African countries to invest.
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