Fortune Magazine, a reputable American multinational business magazine, has released its latest ranking of the most admired companies in the world.
Scanning through the list, Legit.ng notes that technology companies had a good day, with Apple, Amazon, and Microsoft conveniently occupying the top three.
Apple, for the 14th year in a row, occupied the top spot. Netflix, a popular video streaming app, also made it to the top 10.
Below is the list of top 10 most admired companies in the world, according to the magazine:
4. Walt Disney
6. Berkshire Hathaway
8. JPMorgan Chase
10. Costco Wholesale
Africa’s best countries to do business
In other news, the World Bank’s 2020 report on ease of doing business has been released, with some African countries having a good showing while some are still struggling behind.
The ease of doing business in a country is an important economic factor; it does not only boost citizen’s/resident’s entrepreneurial spirit, but it also attracts foreign investment.
Out of the 190 countries ranked, 10 African countries are among the first 100. Legit.ng listed here Africa’s 20 best countries to do business.
10 highly profitable business ideas to explore in Nigeria in 2021
Meanwhile, with a population of about N200 million people, the Gross Domestic Product (GDP) of over $400 billion, and the improved World Bank’s Doing Business ranking, Nigeria is one of the best places to do business in Africa.
Considering the above factors, Legit.ng in a previous report highlighted top 10 business ideas Nigerians and other legal residents in the country can do which will yield high returns. Top on the list is ride-hailing business.
Though it has its challenges just as many other businesses, ride-hailing business is one of the most lucrative among the small businesses that can be explored in Nigeria.