3 Innovative African countries making strides in business

The abundant African continent features several standout countries that have shown a strong commitment to driving innovation and technological advancement.

 

Here are some of the most notable settings making strides in various business sectors.

 

South Africa

 

Ranked 60th in the Global Competitiveness Report (GCR) 2019, South Africa maintains its reputation as the most innovative and technologically advanced country in Africa.

 

A continental leader in business and trade, South Africa boasts major hubs like Johannesburg and Cape Town. Leveraging its strong diplomatic ties, the nation thrives on profitable international partnerships, solidifying its position as a key player in the global economic arena.

 

Mauritius

 

Mauritius has emerged as a top investment magnet in Africa. It was ranked 20th in the World Bank's Ease of Doing Business Index, and offers a winning combination for businesses.

 

A well-balanced socio-political system fosters trust and predictability, crucial for long-term investments, and advantageous tax laws attract businesses and investments, making Mauritius a competitive financial hub.

 

As the first African nation to sign a comprehensive Free Trade Agreement (FTA) with China, Mauritius unlocks vast market opportunities.

 

Kenya

 

Kenya is undoubtedly a hub of startups and innovations. Some of the most notable innovations that have come from this thriving country include charging shoes powering rural communities and solar-powered freezers saving lives with vaccines. 

 

Placed 77th in the 2019 Global Innovation Index, Kenya's ranking as the second most innovative country in Sub-Saharan Africa speaks volumes. And with a score of 31.13 on the 2019 Global Innovation Index, the future looks bright.

 

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