Top 10 African countries with the highest economic freedom
Governments across the globe are grappling with rising public debt and widening fiscal deficits, issues that are stifling productivity and undermining long-term growth. Sadly, many African nations are not immune to these trends.
Business Insider Africa presents the top 10 African countries with the highest economic freedom.
The list is courtesy of The Heritage Foundation.
According to the Index, Mauritius leads Africa with a score of 75.0, ranking 15th globally.
Economic freedom might sound like something straight out of a policy textbook, but in reality, it directly impacts our daily lives, shaping the jobs we can get, the quality of goods we buy, the schools our children attend, and even the cleanliness of our environment.
The Index of Economic Freedom, published annually by The Heritage Foundation, highlights just how vital economic freedom is and ranks countries based on how well they uphold it.
The 2025 edition of the Index underscores the undeniable link between free markets, the rule of law, secure property rights, and limited government on one hand, and national prosperity on the other. Countries that embrace these principles tend to enjoy stronger economies, better education systems, healthier environments, and higher standards of living.
This year's findings, however, paint a sobering picture. The Index, which evaluates 184 countries, reveals a world that remains 'mostly unfree.'
While the global average score rose slightly, by 1.1 points to 59.7, that marginal improvement is overshadowed by persistent challenges.
Inflation, geopolitical instability (from Russia's war in Ukraine to ongoing tensions in the Middle East), and the lingering impact of pandemic-era policies continue to weigh on economic performance worldwide.
Governments across the globe are grappling with rising public debt and widening fiscal deficits, issues that are stifling productivity and undermining long-term growth. Sadly, many African nations are not immune to these trends.
Still, there are bright spots on the continent. According to the Index, Mauritius leads Africa with a score of 75.0, ranking 15th globally. Its success stems from a sound regulatory environment and strong governance.
Botswana, with a score of 69.9 (31st), and Cabo Verde, scoring 68.7 (40th), also stand out as examples of how economic reforms can deliver real results.
Below are the top 10 African countries with the highest economic freedom:
Rank Country Economic score Global rank
1 Mauritius 75.0 15th
2 Botswana 69.9 31st
3 Cabo Verde 68.7 40th
4 Seychelles 66.4 52nd
5 São Tomé and Príncipe 60.4 85th
6 Morocco 60.3 86th
7 Tanzania 59.3 92th
8 Namibia 58.7 94th
9 Benin 58.5 96th
10 Côte d'Ivoire 57.8 101st
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Wire
an hour ago
- Business Wire
Bespoke Launches AI-Driven Dynamic Scorecard Accelerating Executive Search
SAN DIEGO--(BUSINESS WIRE)--Bespoke Partners, the leading executive search firm for private equity portfolio companies, today announced the launch of Calibrator, a dynamic scorecarding application accelerating executive search with the industry's first AI-powered talent market mapping platform for software and SaaS. Leveraging AI, Calibrator empowers our clients to see and analyze the complete talent market for any executive need, making the right hiring decisions faster with this exclusive information. Calibrator allows Bespoke's clients to instantly see the complete talent pool for a given role based on adjustable scorecard parameters, accelerating discovery of candidates who fit a company's leadership needs. 'An executive hiring decision can impact billions of dollars in value creation for a private equity firm,' said Eric Walczykowski, Bespoke CEO. 'Leveraging AI, Calibrator empowers our clients to see and analyze the complete talent market for any executive need, making the right hiring decisions faster with this exclusive information.' Calibrator, Bespoke's new AI-powered dynamic scorecarding application, is built on the foundation of the Executive Index - the industry's most comprehensive talent market mapping platform for software executives. Through real-time collaboration, clients can visually explore the talent landscape in Calibrator and adjust search criteria alongside Bespoke's experts, accelerating hiring decisions and ensuring precise alignment with leadership needs. The Index uses AI-enhanced analytics to parse 53 million rows of executive background data from more than 575,000 sources, providing the first top-down market visibility of its kind. It provides a comprehensive view of the entire talent market of executives in software and SaaS in the United States, totaling nearly 700,000 executives. The new dynamic scorecarding application enables candidates to be filtered and prioritized dynamically based on factors including positions held, end-market experience, company growth accomplishments, geography and a variety of highly nuanced criteria. 'Unlike self-reported profiles on LinkedIn, the Executive Index presents validated backgrounds on executives, using AI to cross-reference hundreds of thousands of data sources,' Eric said. 'Now you have true visibility into how executives performed in prior roles and in-depth understanding of their potential to lead your company.' Benefits of Calibrator and the Executive Index include: Complete, top-down view of the talent market, providing on average 50% larger talent pools compared to haphazard, bottom-up candidate discovery that other firms use. Cutting 2 or more weeks from a typical search process. Reducing time to build a 100-candidate pool for a search by 44%. Automating identification of backchannel reference contacts. Identifying candidates based on flight times from specific airports. 90% accuracy rate, meaning the vast majority of candidates surfaced by the Index are scorecard matches. About Bespoke Partners Bespoke-recruited executives have orchestrated more than 200 portfolio company exits totaling nearly $600 billion, creating more than $200 billion in value for their private capital sponsors. Built Different, with a unique firm structure, functional role focus and deep expertise in 28 software subsectors. Bespoke's data-driven services utilize the Executive Index, a comprehensive AI-augmented talent market mapping platform. The Executive Index enables Bespoke to complete searches in less than half the industry average time with a 95% placement success rate.

Business Insider
an hour ago
- Business Insider
Top 10 African countries with the lowest cost of living in mid-2025
African countries with a low cost of living possess a distinct edge in a world where economic instability and inflation are prevalent headlines. Business Insider Africa presents the top 10 African countries with the lowest cost of living in mid-2025. This list is courtesy of Numbeo. Libya ranks number 1 on the list. The affordability of necessities like food, housing, transportation, and healthcare not only raises the standard of living for the populace but also boosts the overall economy. The advantages of a low cost of living are numerous, ranging from drawing in investment and keeping talent to growing the middle class and encouraging the expansion of small businesses in the area. Preserving affordability may be one of the most important strategies used by African countries in their pursuit of inclusive development. When necessities are inexpensive, families have less financial stress. They can afford nicer homes, healthier food, and a good education. This results in healthier, more productive societies and stronger communities. Lower living costs give consumers more discretionary cash to spend on products and services. This boosts demand, promotes company growth, and broadens the tax base, all of which increase national income without raising taxes. Investors and businesses choose nations with low operating expenses and higher employee compensation. A low cost of living lessens wage pressure while yet guaranteeing that workers can live comfortably, resulting in a win-win situation for both companies and employees. Furthermore, talent retention is higher in nations with reasonably priced living standards. There is far less of an incentive for young people to move when they can establish a secure lifestyle, own houses, and raise families at home. Starting a business is less hazardous when living expenses are modest. A thriving startup ecosystem is fueled by entrepreneurs' access to a consumer base with purchasing power, reduced administrative costs, and affordable talent hiring. With that said, here are the African countries with the lowest cost of living mid-way into the year, as per data from Numbeo. Top 10 African countries with the lowest cost of living in mid-2025 Rank Country Cost of living index mid-2025 Global rank 1. Libya 18.6 2nd 2. Egypt 19.0 3rd 3. Madagascar 20.7 6th 4. Algeria 24.5 14th 5. Tunsia 25.5 20th 6. Uganda 26.0 23rd 7. Nigeria 26.4 25th 8. Morocco 27.2 29th 9. Kenya 28.2 30th 10. Namibia 29.3 32nd

Business Insider
2 hours ago
- Business Insider
Top 10 African countries with the lowest fuel prices in June 2025
As presently constituted, some African countries are standing out for maintaining relatively low domestic fuel prices, as they have done all year round. This might change dramatically given the current conflict between Iran and America. However, till the Strait of Hormuz is cut off, some African countries are still enjoying low energy costs. Business Insider Africa presents the 10 African countries with the lowest fuel prices in June 2025. This list is courtesy of GlobalPetrolPrices. Libya ranks number 1 on the list. While most of the continent continues to face high gasoline costs compared to its purchasing power, a few countries have managed to protect their citizens and businesses from energy price fluctuations. The advantages of this technique are large and worth investigating. One of the most obvious benefits of decreasing gasoline prices is lower transportation and food expenditures. Decreased gasoline prices result in decreased public transit and freight expenses in African countries where significant populations rely on road transport for commuting and commodity delivery. This serves to alleviate the burden of inflation while also protecting customers against sudden rises in food costs, which is especially essential in an area where food security remains precarious. Additionally, corporate competitiveness is improved. Lower gasoline prices cut overhead expenditures in industry, shipping, and agriculture. This makes it easier for local firms to operate and grow, attracting investment and providing employment opportunities. Social stability also increases in areas where fuel is available. When gas costs remain reasonable, governments are less likely to confront protests, strikes, and public discontent, which frequently occur in response to dramatic fuel increases. While the global average fuel price ticks upward, rising slightly from $1.25 per liter in May to $1.27 in June, it is hard to argue that this stability is critical for preserving investor trust and sustaining economic activity. With that said, here are the 10 African countries with the lowest fuel prices currently, as per data from GlobalPetrolPrices. Compared to last month's top 10 list, fuel prices for Libya, Angola, Algeria, Egypt, Nigeria, Tunisia, and Liberal all increased. While the fuel price in Sudan remained the same. Ethiopia is the only country on the list with a lower fuel price this month than last month's. The Democratic Republic of Congo ousted Gabon from the 10th spot this month. Top 10 African countries with the lowest fuel prices in June 2025 Rank Country Fuel prices Global rank 1. Libya $0.028 1st 2. Angola $0.328 4th 3. Algeria $0.354 6th 4. Egypt $0.379 7th 5. Nigeria $0.561 14th 6. Sudan $0.700 22nd 7. Tunisia $0.858 33rd 8. Liberia $0.881 35th 9. Ethiopia $0.912 37th 10. Demcratic Republic of Congo $1.039 49th