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
5. Hong Kong
1. New Zealand
Rank last year: 9
Days to start a business: 3
Access to credit ranking: 8
Over-all ease-of-doing-business rank: 45