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Wednesday 16 June 2021
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Tunisia, 9th target country for business creation in Africa

According to a study by the Moroccan center of young business leaders, Tunisia has been ranked ninth target country for business creation in Africa.

Senegal leads with (11%), followed by Niger (10%), Cameroon (9%), Algeria (7%). Mauritania is ranked fifth and Morocco sixth.

The survey showed that the lack of funding is the major obstacle to business creation. In fact, 63% of respondents said difficulties in access to finance are one of the major obstacles to entrepreneurship in Africa. Seventeen per cent of the respondents deplore the lack of support and assistance and 12% find that administrative procedures are still complicated and slow in Africa.

The study also showed that areas most popular with project managers and entrepreneurs are trade, sales and franchises which are at the top, followed by the sectors of logistics and distribution. Then come the ICT sector, training, consulting and trustee followed by construction, real estate and industry.

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