Challenges of Doing Business in Africa: A Systematic Review

Simplice Asongu and Nicholas Odhiambo

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: L96 O10 O20 O30 O55 (search for similar items in EconPapers)
Date: 2018-05, Revised 2019-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (155)

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Related works:
Journal Article: Challenges of Doing Business in Africa: A Systematic Review (2019)
Working Paper: Challenges of Doing Business in Africa: A Systematic Review (2018)
Working Paper: Challenges of Doing Business in Africa: A Systematic Review (2018)
Working Paper: Challenges of Doing Business in Africa: A Systematic Review (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92496

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