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Ease of Doing Business: Mauritius is the African champ, Eritrea worst globally …
Lagos, Nigeria, Capital Markets in Africa — The Doing Business 2016: Measuring Regulatory Quality and Efficiency, a World Bank Group flagship publication, was released on 27th October 2016.
Singapore remained the world’s easiest place to do business for the ninth year in a row the World Bank said in its report that ranks 189 countries based on 10 criteria tied to the business climate, such as ease of opening a business, paying taxes or getting electricity. Others in the top five ranked countries were New Zealand, Denmark, Republic of Korea and Hong Kong.
Looking at the African continent, Mauritius leads as the easiest place to do business in the Africa. Mauritius led in these indicators: getting electricity, paying taxes, enforcing contracts and resolving Insolvency. The African champ was ranked 32nd globally compared to 31st position occurred in the 2015 ranking.
In the second position in the ease of doing business in Africa is the Rwanda. The country made reforms in all areas measured by Doing Business. Two areas stand out: registering property and getting credit. Rwanda occupied the 62nd position on a global scale of ease of doing business.
Still on the African continent, the countries in the top ten positions are Botswana, South Africa, Tunisia, Morocco, Seychelles, Zambia, Swaziland and Ghana.
Globally, eight African countries were among the ten worse countries, according to the Doing Business in 2016 report. These African countries from worst are Eritrea, Libya, South Sudan, Central African Republic, Congo Democratic Republic, Chad, Angola and Equatorial Guinea.
See table below for more statistics.
