World renowned and authoritative business, finance and investments news outlet, Forbes, has ranked Zambia no. 7 best country for business out of 54 African countries. This is a direct contrast with what some local pundits would rate their own country in Africa. In its annual report released on 16 December 2015, Forbes stated that Despite a sluggish economy, Europe dominates the top of FORBES’ annual ranking of the finest countries for capitalism—with Scandinavia as a particular stand-out.
In Africa, the top 10 were #1 Mauritius, #2 South Africa, #3 Morocco, #4 Botswana, #5 Cape Verde, #6 Rwanda, #7 Zambia, #8 Ghana, #9 Senegal and #10 Tunisia. Globally, the top 10 were #1 Denmark, #2 New Zealand, #3 Norway, #4 Ireland, #5 Sweden, #6 Finland, #7 Canada, #8 Singapore, #9 Netherlands and #10 UK. This rating saw global giants such as the US slipping down due to shareholder governance and tax issues.