VENTURES AFRICA – The World Bank Group has, in a
new report, laid credence to the economic transforms underway in
sub-Saharan Africa saying that the region had the highest number of
business regulatory reforms globally in 2013/2014 and 74 percent of the
economies in the region improved their business regulatory environment
for local entrepreneurs.
Released annually, the Doing Business report examines regulations
that support businesses in the concerned economies including start-up
and operations, taxes, trading across borders and resolving insolvency.
Countries are ranked based on how they perform in a set of such
criteria.
The report titled “Doing Business 2015: Going Beyond Efficiency,”
which covers 189 countries, posits that Benin, Cote d’Ivoire, Senegal,
the Democratic Republic of Congo and Togo rank among the top 10
improvers globally as they had significantly boosted business regulation
in the past year.
According to the report, all countries in the sub-Saharan African
region have promoted the environment for Small & Medium sized
businesses since 2005 with Rwanda leading the way in this effort and
Mauritius and Sierra Leone coming in second and third. Also, about 11
countries in
