Now in its 14th edition, the 2017 World Bank Doing Business Report was released on Tuesday 25th October 2016.
Amongst many highlights, Rwanda was listed amongst the economies with the largest improvements in Business Regulations, following a series of key reforms, a new investment code, and the introduction of the ‘Integrated Electronic Case Management System’ in Kigali courts. [page 8 – DB 2017 Report] The DB2017 Report also ranked Rwanda 2nd in Africa, after Mauritius, in Ease of Doing Business, and 56th out of 190 countries globally, an improvement of six places from 62nd in the previous report.
Commenting on the development, Rwanda Development Board’s Chief Executive, Hon. Francis Gatare, said the strides and progress in the new report stem from the focus to optimise the service industry and capitalising on investment opportunities that promote long-term sustainable growth.
He also cited the role of social stakeholders whose social and financial support had pushed the country forward. “We also continue to harness the role of the private sector in accelerating economic growth to make the country even much easier and conducive in conducting business,” said Gatare.
“We would not have achieved these advancements without the support of our stakeholders whose social and financial impact has been greatly felt in the country. We shall continue to stretch our borders and ensure that strengthening the regional economy is at the centre of Rwanda’s sustainable development, making Africa an investment hub as a whole” he added.
The report continues to be a major reference document for investors who are constantly on the lookout for places with best environments for their investment.
- To view the report on Rwanda: http://www.doingbusiness.org/data/exploreeconomies/rwanda
- To download the 2017 Doing Business Report: http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/Annual-Reports/English/DB17-Report.pdf
- For the full Story: http://www.newtimes.co.rw/section/article/2016-10-26/204778/