Mauritius Ranked As The Best Governed Countries in Africa, See What Makes it Stand Out

Mauritius is ranked as the most competitive and one of the most developed economies in the African region.It is Africa's best governed country, best country to do business and most technology advanced country.

It provides free education, free healthcare and free transportation for senior citizens and primary school students.

One country in Africa that has set the pace in the ease of doing business is Mauritius. Mauritius moved seven places to 13th out of 190 countries according to the latest World Bank Ease of Doing Business Report 2020. The country remains 1st in Africa. Amidst a fast-changing global landscape, Mauritius has consistently transformed its business environment and improved its Ease of Doing Business ranking over recent years, from 49th in 2016 to 13th in 2019. This consolidates the country’s ongoing efforts to make Mauritius the leader in business facilitation in Africa and to be among the most business-friendly countries in the world.




So what makes Mauritius better than every other country in Africa for doing business? To mention a few:

Social and political stability
This is the number one concern of any investor before anything else and Mauritius provides this amply. The country has a strong and stable democracy and is one of Africa’s most democratic. The island nation is also Africa’s most peaceful with a peace index of 1.51 and the 21st most peaceful country in the world. That is music to the ears of investors looking for where to do business.

A healthy economy
The Mauritian economy is one of the fastest-growing in sub-Saharan Africa. In just three decades, the country has moved from a mono-crop sugar-dominated economy to sophisticated and diversified services-oriented one. The tertiary sector currently accounts for 70% of GDP, a fair indication of their impressive track record. While traditional growth sectors like tourism and manufacturing continue to be strong, many other opportunities have arisen in emerging sectors with the potential to become tomorrow’s economic pillars of a regional powerhouse. This rapid transition to a mature economy, one of just two in Africa to have graduated to middle-income status, comes as a promising result of sound economic management, coupled with a vision to succeed shared between the government, the business community and civil society at large.

Availability of skilled workers
Mauritius has a smart brand of fine professionals, most of who qualified from internationally recognized institutions and world-class professional bodies. This includes chartered accountants, financial analysts, corporate lawyers, tax specialists, business consultants, IT engineers and architects. Recently too, the Government of Mauritius enacted legislation encouraging young foreign professionals to set up in the country. The country also has one of Africa’s highest adult literacy rates at 91%.

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Posted: at 2-02-2021 02:16 AM (3 years ago) | Gistmaniac

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Posted: at 3-02-2021 06:50 AM (3 years ago) | Hero