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

See all articles by Simplice Asongu

Simplice Asongu

African Governance and Development Institute

Nicholas Odhiambo

University of South Africa - Department of Economics

Date Written: May 1, 2018

Abstract

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

Asongu, Simplice and Odhiambo, Nicholas, Challenges of Doing Business in Africa: A Systematic Review (May 1, 2018). Journal of African Business, 20(2), pp. 259-268 (May, 2019). . Available at SSRN: https://ssrn.com/abstract=3304041 or http://dx.doi.org/10.2139/ssrn.3304041

Simplice Asongu (Contact Author)

African Governance and Development Institute ( email )

P.O. Box 8413
Yaoundé, 8413
Cameroon

Nicholas Odhiambo

University of South Africa - Department of Economics ( email )

PO Box 392
Pretoria, 0003
South Africa

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