Moreover, since the start of this millennium democratic governance has improved and institutional reforms have taken place in many countries, be it from a low level. At the same time, business environments have taken a turn for the better.
While the starting point was perhaps less than auspicious, it is very encouraging to see that African countries as Benin and Senegal nowadays often appear among the global top 10 reformers in the World Bank’s “Ease of Doing Business” indicators. Due to these promising developments, Africa has become a region that boasts strong business opportunities, both for African entrepreneurs and for foreign ones.