WORLD BANK:RWANDA #1 COUNTRY TO START BUSINESS IN AFRICA
The World Bank’s in what is a report (Annual Doing Business Report) ranking countries according to the ease of doing business (sub category starting a business) has ranked Rwanda in the top ten in the world and number 1 in Africa. International Finance organisations such as the IMF and Financial Instituitions such as the Standard Chatered Bank have all lauded Africa’s growth prospects all be it with some caveats.
This is a remarkable turnaround given Rwanda has faced a monumental task in recovering from one of Africa’s worst civil wars, which claimed the lives of hundreds of thousands. The ranking is based on “the ease of starting a business, factoring minimum cost, time, and available capital”.
The Top 9
9. Belarus
8. Rwanda
7. Georgia
6. Macedonia
5. Hong Kong
4. Singapore
3. Canada
2. Australia
1. New Zealand
.
Rwanda Details
Rank last year: 9
Days to start a business: 3
Access to credit ranking: 8
Over-all ease-of-doing-business rank: 45
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This is interesting,Rwanda really?
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rwanda would have never been on top if my list of best countries to do business in Africa but since this was gathered by world Bank,will give the benefit of doubt
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awesome blog & awesome post. God bless Jesua
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