The U.S based magazine Forbes has just published its annual ranking of where it is best to conduct business in Africa. Out of the 47 African countries examined, Mauritius has come first, followed by South Africa and Morocco coming 3rd .
An embarrassment of great proportions.
Faithful to its traditions, Algeria has not made the top 10 on this occasion, ranked 17th in Africa, and 114th in the world.
In Africa, Algeria fell behind Uganda, Nigeria and Cape Verde ranking respectively at the 16th, 15th and 14th spots. Here’s the top 20 for the continent:
- South Africa
- Cape Verde
- Ivory Coast
According to Forbes, factors used to determine the ranking are: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade and monetary), red tape and investor protection.