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The main hurdles to doing business in Africa

Publish date: 07 October 2019
Issue Number: 844
Diary: IBA Legalbrief Africa
Category: Trade

The three biggest hurdles hampering business in Africa are liquidity, infrastructure and corruption. That’s according to RMB economist Celeste Fauconnier who believes that political challenges are not a leading factor. While RMB research put SA at the top of the list of African investment destinations three years ago, Egypt now holds that position (with SA dropping to third). ‘North African economies are the most diversified. They are not only focused on oil and gas, but also invested in agriculture and manufacturing. Morocco is also moving up the ranks for its financial sector,’ she said. As a region, East Africa is expected to be the main growth driver on the continent for the next decade. Fin24 reports that Fauconnier said apart from oil and gas having been discovered in the region, it was also benefiting from regional economic and trade integration. She added that Rwanda was now among the top five easiest countries to do business with in Africa. See Book Review

Full report on the Fin24 site