DAR ES SALAAM, Tanzania - The Sub-Saharan Africa economies continue to implement reforms to improve the business climate for domestic entrepreneurs, with members of the Organization for the Harmonization of Business Law in Africa (OHADA) particularly active during the past year, says the World Bank Group’s annual ease of doing business measurement. The ‘Doing Business 2016: Measuring Regulatory Quality and Efficiency’ report, released last week, records a total of 69 reforms in 35 economies in Sub-Saharan Africa. Of these, 14 of OHADA’s 17 member countries implemented 29 reforms. The report said reforms implemented in Sub-Saharan Africa accounted for about 30% of the 231 reforms implemented worldwide during the past year. The report which was released by the World Bank last week said the region also boasted half of the world’s top 10 improvers, i.e. countries that implemented at least three reforms and moved up on the global rankings scale, with Uganda, Kenya, Mauritania, Benin and Senegal. “The region stood out in implementing reforms under the Getting Credit indicator. Of the 32 reforms made globally, 14 were carried out in Sub-Saharan Africa, with Kenya and Uganda making significant progress,” it stated. “Despite great improvements, governments in Sub-Saharan Africa will need to continue working on closing the gap in many key areas that impact the ease of doing business, especially increasing access to reliable electricity and providing effective commercial dispute resolution – two areas where the region scores the lowest globally,” said Rita Ramalho, Manager of the Doing Business project. On Getting Electricity,...
EAC business climate improves
Posted on: November 3, 2015
Posted on: November 3, 2015