The African continent is steadily growing as a business hub. New stories of growing startups continent wide increase the number of employment opportunities and overall economic development. We are essentially rich in natural resources, and a hardworking population.
Kenya in particular, based on the Forbes‘ 2016 Ranking, is considered the15th best country in Africa for Business. The list was compiled by rating 139 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
Kenya is central hub for the East African Market, seeing them placed 105th out of 139 countries overall. Although poor infrastructure and corruption continues to obstruct Kenya’s potential for economic growth, the country ranks highly in Innovation, 36th, and Investor Protection, 80th, which places them 15th the list. It was however beaten out by the countries Mauritius, South Africa, and Morocco, who received the first, second and third positions in that order.
Mauritus being the best in Country in Africa to perform business, was placed 39th on the overall list, with their rankings in Trade Freedom at 4th, and Property Rights at 34th. South Africa followed close behind, ranked 48th in the overall list, and are among the highest in the world with their ratings in Investor Protection, 22nd, and Property Rights, 30th. The third best business Hub in Africa was given to Morrocco with a rank of 51 on the overall list, and rankings of 17th in Market Performance and 21st in Monetary Freedom.
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