Sunday, November 24, 2024

Mauritius and Rwanda top Ease of Doing Business in Africa

Must read

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...
Fred Dzakpata
Fred Dzakpata is a Ghanaian journalist who specializes in business reporting in Africa.

The World Bank has released its latest Ease of Doing Business 2019 rankings – an annual report that ranks countries on business-friendliness, procedural ease, regulatory architecture and absence of bureaucratic red tape.

Mauritius topped the ranking in Africa occupying the 20th position with Rwanda taking the 29th spot. The Doing Business Report provides objective measures of business regulations and their enforcement across 190 economies and selected cities at the subnational and regional level.

The report looks at domestic small and medium-size companies and measures the regulations applying to them through their life cycle.

It assessed the countries based on 11 indicators such as starting a business, access to a credit facility, registering a property, access to electricity, paying taxes, protecting minority investors, trading across borders, enforcing contracts and resolving insolvency. Ghana scored 59 percent in the overall assessment.

Four African economies – Togo, Cote d’Ivoire, Kenya and Rwanda – are among the top 10 most improved economies globally. With Djibouti, which makes it to this list for the second consecutive year, Africa occupies half of the top 10 most improved economies list.

Rwanda leads the reform count with 7 reforms; Djibouti and Togo have 6 reforms each; while Cote d’Ivoire, Gabon, Guinea, Kenya, Mauritius and Sudan score 5 reforms each.

New Zealand remained the best country in terms of doing Business followed by Singapore 2ND   , Denmark 3RD   , Hong Kong4TH, South Korea 5TH, Georgia 6TH, Norway 7TH and US, 8TH UK 9TH and Macedonia 10TH .

The full report and its datasets are available at www.doingbusiness.org

 

 

Source: Africafeeds.com

- Advertisement -

More articles

- Advertisement -

Latest article

Nigerian High Commission apartments in Ghana demolished

Some new apartments built at the residence of the Nigerian High Commissioner in Ghana’s capital city Accra, have been demolished by bulldozers. The apartments have been constructed to...

Covid-19: Ghana records significant recovery numbers

Ghanaian health officials on Saturday said over 10,000 persons infected with the coronavirus have now recovered. The significant number of recoveries means the country now...

DR Congo: President’s ex-chief of staff jailed 20 years for corruption

The ex-chief of staff of the president of the Democratic Republic of Congo has been jailed 20 years by a high court. Vital Kamerhe was...

Covid-19: Zimbabwe’s health minister arrested, charged for graft

Zimbabwe's Health Minister Obadiah Moyo has been arrested over corruption allegations related to procurement of medical equipment worth $60 million. Moyo is accused of illegally...

Ghana’s new law that jails citizens not wearing facemask 10 years

Ghanaians who fail to wear the face masks in compliance with a presidential directive risk going to jail for ten years. They also face a...