Top 5 Riskiest African Countries To Do Business in 2023

In this article, we will take a look at the top 5 riskiest African countries to do business in 2023. If you want to read our detailed analysis, you can go directly to Top 15 Riskiest African Countries To Do Business in 2023.

5. Senegal 

Reward Score 2023: 5.41

Risk Score 2023: 4.98

Senegal is one of the riskiest countries in Africa to do business in 2023. The country reported a risk score of 4.98 as of September 2023, up by 0.09 from September 2022. Mining, construction, tourism, fishing, and agriculture are some of the most prominent sectors in Senegal. 

4. Nigeria

Reward Score 2023: 5.5

Risk Score 2023: 7.65

According to our methodology, Nigeria is among the riskiest countries in Africa to do business. Nigeria reported a risk score of 7.65 in September 2023, up by 0.4 from September 2022.

3. Uganda 

Reward Score 2023: 5.53

Risk Score 2023: 6.22

According to our methodology, Uganda is among the riskiest countries in Africa to do business in 2023. The country reported a risk score of 6.22 as of September 2023, up by 0.05 from September 2022. 

2. Côte d’Ivoire

 Reward Score 2023: 5.77

Risk Score 2023: 5.56

According to our methodology, Côte d’Ivoire is one of the riskiest countries in Africa to do business in 2023. The country reported a risk score of 5.56 as of September 2023, down from 5.57 in September 2022. The country specializes in producing and exporting cocoa beans. 

1. Ethiopia

Reward Score 2023: 6.58

Risk Score 2023: 7.64

According to our methodology, Ethiopia is the riskiest country in Africa to do business in 2023. Ethiopia reported a risk score of 7.64 in September 2023, down from 7.65 in September 2022.

You can also check out 25 Worst Countries for Girls to get an Education and 20 Most Overrated Cities in the US According to Reddit.