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

Kenya

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Pic Credit: phys.org

Kenya has risen five places to stand at position 56 out of 190 economies in the World Bank’s 2020 Ease of Doing Business index.

According to the World Bank report, Kenya was also ranked top on protecting minority investors and fourth of access to credit.

Kenya was ranked 61 in the 2019 Ease of Doing Business index, the 2020 index marking a steady improvement which has been attributed to several factors including resolving insolvency and access to electricity.

Pic Credit: doingbusiness.org

Kenya also carried out six reforms, including improving the reliability of its electricity supply and introducing an online system for social security contributions, positioning it third highest in the regional rankings, behind Mauritius and Rwanda.

The country has moved 80 places up since 2014. The 2020 index scored Kenya at position 70 on electricity connection and 50 on resolving insolvency.

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