Here are the top five African countries you’d find easier to do business in 2020

Theodora Aidoo Oct 29, 2019 at 05:40pm

October 29, 2019 at 05:40 pm | Money Moves

Theodora Aidoo

Theodora Aidoo | Staff Writer

October 29, 2019 at 05:40 pm | Money Moves

Rwanda

Pic Credit:newtimes.co.rw

Rwanda has kept its second position on the continent in the World Bank’s annual Doing Business indices. According to the Doing Business 2020, the country is among a few economies in Sub-Saharan Africa that improved their business climate in the year that ended on May 1, 2019, ranking just behind Mauritius in Africa.

Rwanda ranked 38 globally with a score of 76.3 points against 100, representing a drop of nine positions from last year’s edition when the country ranked at 29 globally.

Pic Credit: doingbusiness.org

Rwanda implemented three reforms over the past 12 months of review on getting electricity, starting a business and dealing with construction permits. It also improved building quality control by requiring all construction professionals to obtain liability insurance on buildings once in use, according to the World Bank.

The country is ranked among the region’s economies that performed best in the areas of starting a business and getting credit. Three regional countries – Rwanda, Kenya, and Zambia – ranked among the world’s top 10 in the latter category.

Most viewed

Conversations

Must Read