Top 5 Safest African Countries To Do Business

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

5. Morocco 

Reward Score 2023: 4.99

Risk Score 2023: 4.13 

Morocco is one of the safest countries in Africa to do business, reporting a reward score of 4.99 in September 2023. The most prominent sectors in Morocco include transport, ICT, agriculture, and renewable energy.

4. Tanzania

Reward Score 2023: 5.19

Risk Score 2023: 5.35

According to our methodology, Tanzania is among the safest countries to do business in Africa. The country reported a reward score of 5.19 in September 2023. Crop cultivation, livestock production, and agro-processing are some of the key business opportunities in Tanzania.

3. Kenya

Reward Score 2023: 5.22

Risk Score 2023: 5.8

Kenya is an attractive business hub for investors across the globe. The Kauffman’s Venture Capital Summit was held in Kenya for the first time in history. The country is among the safest places to do business in Africa.

2. Senegal

Reward Score 2023: 5.41

Risk Score 2023: 4.98 

Senegal ranks second among the safest countries in Africa to do business. The country reported a reward score of 5.41 in September 2023. The economy of Senegal is built on mining, construction, tourism, fishing, and agriculture.

1. Côte d’Ivoire

Reward Score 2023: 5.77

Risk Score 2023: 5.56

According to our methodology, Côte d’Ivoire is the safest country in Africa to do business. With the highest reward score in September 2023, the country tops the list. The country is also one of the largest producers and exporters of Cocoa Beans.

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