Forbes - Best Countries for Business 2019: Mauritius, the only African country featuring in the top 40
Mauritius has been ranked 39th in the list of Best Countries for Business 2019 by the American magazine Forbes and is the only African country featuring in the top 40.
The 10 best countries for Business are: United Kingdom, Sweden, Hong Kong, Netherlands, New Zealand, Canada, Denmark, Singapore, Australia, Switzerland.
According to Forbes, Mauritius has experienced a growth of 3.8% and a GDP per inhabitant of USD 10,500. The magazine states that the Government of Mauritius has put in place several policies to boost the following sectors: development of Smart Cities and Ocean Economy; investment in the African Continent; usage of renewable energy; and infrastructural modernisation.
Several factors have contributed into ranking the country as the top African country for business. They are namely: an increased competitiveness of the textile industry; a fairer tax competition; and an improved business climate.
Forbes rates 161 countries on 15 different factors, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, and investor protection.