Challenges of Doing Business in Africa: A Systematic Review
Journal of African Business, 20(2), pp. 259-268 (May, 2019).
15 Pages Posted: 3 Jan 2019 Last revised: 21 May 2019
Date Written: May 1, 2018
This paper provides a systematic review of challenges to doing business in Africa. It complements the extant literature by answering two critical questions: what are the linkages between the ease of doing business and economic development; and what are the challenges to doing business in Africa? In providing answers to these questions, the nexus between the ease of doing business and economic development is discussed in six main strands, namely: wealth creation and sharing; opportunities of employment; balanced regional and economic development; Gross Domestic Product (GDP) and GDP per capita; standards of living and exports. Moreover, challenges to doingbusiness are articulated along the following lines: (i) issues related to the cost of starting a business and doing business; (ii) shortage of energy and electricity; (iii) lack of access to finance; and (v) high taxes and low cross-border trade.
Keywords: Business; Development; Africa
JEL Classification: L59; O10; O30; O20; O55
Suggested Citation: Suggested Citation