Positioned first by the World Bank, Rwanda has made a number of reforms that have improved the ease of doing business. Coming in the second spot is Georgia, which launched the first Public Service Hall in 2011 to streamline business registration. The two countries emerged top of the 128 governments, which introduced a record 314 reforms set to benefit small and medium businesses and entrepreneurs. Part of the reforms include the digitisation of land records; reducing the time needed to start a business from 43 days to 4 days; increasing access to finance by passing secured transactions laws; and simplifying tax systems, making it easy to comply to tax regulations. Such reforms saw the country rise up 11 ranks to #29 in 2018 from #41 in 2017. It was second on the continent after Mauritius, which was ranked #20 globally. Rwanda is also considered one of Africa’s fastest growing economies, thanks to its rapidly urbanizing middle class.
SOURCE: HOW AFRICA
More Stories
Lagos Rising: Meet the African Designers Who are Ushering in a New Guard of Fashion
My Life in Food: Idris Elba on African Cuisine and Cooking with his Mum
In His Imaginative Debut Feature, Walé Oyéjidé Brings Together Elements of His Life’s Work
What is Zellige Tile?
Ousmane Sembène at 100: A Tribute to Senegal’s ‘Father of African Cinema’
Inside an Ultra-exclusive Lodge on the Fringe of Etosha National Park
Tourists Flock to Nigerian Cave And Waterfall For Its ‘Healing Powers’
Morocco is Just as Worthy for a Sun Trip
African Markets Offer Unique Goods and Experiences
Get to Know East Africa’s Art Scene
Mo Ibrahim’s Index Looks at Africa’s State of Governance
France to Give Burkina Faso What It Wants