Released on Wednesday, ‘Doing Business for East African Community Report 2012’ has revealed that the business environment for entrepreneurs in all five economies improved in 2010-2011, as the countries implemented critical regulatory reforms. For a factual comment, see IPPMedia article.
The report finds that Burundi is among the top ten most improved economies worldwide in 2010-2011, with four regulatory reforms: dealing with construction permits, protecting investors, paying taxes, and resolving insolvency. Rwanda, the top performer in the region, made the most progress over the past six years. Worldwide, it made the second-most progress. Over that period, Rwanda implemented 22 reforms, making it easier to do business across nine areas of regulation. Additionally, the economy has undertaken ambitious land and judicial reforms, introduced new corporate, insolvency, civil procedure, and secured transactions laws. Rwanda has also streamlined and remodeled institutions and processes for starting a business, registering property, trading across borders, and enforcing a contract through the courts.
If each member country were to adopt the region's best practice for each indicator measured by Doing Business, East Africa would rank 19 on the ease of doing business, comparable to Germany, rather than 115.
The report finds that Burundi is among the top ten most improved economies worldwide in 2010-2011, with four regulatory reforms: dealing with construction permits, protecting investors, paying taxes, and resolving insolvency. Rwanda, the top performer in the region, made the most progress over the past six years. Worldwide, it made the second-most progress. Over that period, Rwanda implemented 22 reforms, making it easier to do business across nine areas of regulation. Additionally, the economy has undertaken ambitious land and judicial reforms, introduced new corporate, insolvency, civil procedure, and secured transactions laws. Rwanda has also streamlined and remodeled institutions and processes for starting a business, registering property, trading across borders, and enforcing a contract through the courts.
If each member country were to adopt the region's best practice for each indicator measured by Doing Business, East Africa would rank 19 on the ease of doing business, comparable to Germany, rather than 115.
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