Is It Easy To Do Business In Africa? Check Out The Top 20 Cities
The massive increase of interest in African investment, and the continent’s importance in the global economy prompted global auditing firm PwC to quantify and rank the top 20 Cities of Opportunity in Africa for investors.
Points were assigned based on four main, overarching categories: infrastructure, human capital, economics, and society and demographics. Cairo ranked No. 1 overall and Luanda ranked No. 20 overall.
Just one city was assessed per country, but the report offered many ways to compare the top 20 cities, drilling down into each category and sub-category to show how each city scored.
In the economics category, PwC scored each city for ease of doing business, gross domestic product growth, attracting foreign direct investment, and middle-class and overall population growth.
In this list, AFKInsider looks at PwC’s index for economics, specifically, ease of doing business.
PwC referred to 2014 World Bank data for its rankings on ease of doing business. World Bank assigned points for the following when considering how easy it is to do business in Africa: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.
World Bank ranked 189 countries globally for ease of doing business. By comparison, PwC ranked just 20 cities. That explains why their lists look so different.
Below we’ve listed PwC’s Top 20 African Cities Of Opportunity for ease of doing business, starting with No. 20, the lowest-scoring country. No. 1 is the highest scoring country for ease of doing business.