Namibia tops African countries ranked tops in Africa in the inaugural Ashish J Thakkar Global Entrepreneurship Index .
The index measures entrepreneurial environments around the world, assessing 85 countries against a set of criteria that spans policy, infrastructure, education, entrepreneurial environment and finance. Singapore was the forerunner for best environment for entrepreneurs.
Namibia came 42nd overall – ahead of other prominent African markets, such as South Africa, Nigeria and Kenya. Rwanda ranked 43rd, Botswana 44th and South Africa 46th overall. While the latter three countries performed well where policy was concerned, they had some way to go to improve infrastructure and education in particular. Zambia, South Africa and Rwanda were the top three countries in Africa in the financial category. Zambia scored well on the finance pillar, mainly due to the availability of credit and a low total tax rate.