Facts on Doing Business in Africa

February 11, 2015   /  FILED UNDER

A World Bank Group report, Doing Business 2015: Going Beyond Efficiency found that improved legal and regulatory reforms are making African countries more business-friendly for entrepreneurs.

 

Did you know…?

  • Sub-Saharan Africa had the highest number of business regulatory reforms globally in 2013 and 2014.
    Nearly 75 percent of the region’s economies improved their business regulatory environment for local entrepreneurs.
  • Benin, the Democratic Republic of Congo, Côte d’Ivoire, Senegal, and Togo are among the 10 top improvers worldwide.
  • With nearly 1 billion people, Africa accounts for more than a sixth of the world’s population but generates only 4 percent of the world’s electricity. It takes on average 138.3 days to get an electricity connection in Sub-Saharan Africa.
  • In Nigeria, obtaining an electricity connection takes more than 8.5 months and costs the equivalent of more than 10 times income per capita.
  • Mauritius has the region’s highest ranking on the ease of doing business, at 28 among 189 economies worldwide—followed by South Africa (43) and Rwanda (46).
  • To start a business in a Sub-Saharan African country, it takes on average 27.4 days compared to 9.2 days for OECD high income countries.

 

DB15InfographicEnglish

Source: Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication

 

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