Liberia Amongst 10 worst African Countries For Business In 2018

Liberia’s 23rd President, George Manneh Weah

Liberia under President George Weah with GDP $2 billion has taken the lead in ten African countries considered as the worst African countries for business in 2018.

South Africa clinched the first position on the index for best country to do business on the continental. 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.

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:

 

  1. Liberia

GDP: $2 billion

Population: 4.7M

Tax Burden rank: 62

Innovation rank: 118

Red Tape rank: 49

2. Democratic Republic of Congo

GDP: $39 billion

Population: 83.3M

Tax Burden rank: 147

Innovation rank: 115

Red Tape rank: 56

2. Mauritania

GDP: $5 billion

Population: 3.8M

Tax Burden rank: 145

Innovation rank: 135

Red Tape rank: 40

3 Togo

GDP: $4 billion

Tax Burden rank: 140

Innovation rank: 121

Workforce rank: 124

Red Tape rank: 39

  1. Zimbabwe

GDP: $16 billion

Tax Burden rank: 116

Innovation rank: 131

Workforce rank: 83

Red Tape rank: 148

  1. Burundi

GDP: $3.1 billion

Tax Burden rank: 112

Innovation rank: 121

Workforce rank: 124

Red Tape rank: 39

  1. Guinea

GDP: $8.5 billion

Tax Burden rank: 148

Innovation rank: 48

Workforce rank: 115

Red Tape rank: 106

  1. Libya

GDP: $20 billion

Tax Burden rank: 104

Innovation rank: NA

Workforce rank: 141

Red Tape rank: 139

  1. Gambia

GDP: $1.0 billion

Tax Burden rank: 136

Innovation rank: 106

Workforce rank: 138

Red Tape rank: 141

  1. Chad

GDP: $10 billion

Tax Burden rank: 152

Innovation rank: 128

Workforce rank: 102

Red Tape rank: 150

About Cholo Brooks 14593 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.