Washington, D.C., November 4, 2010—In
the past year, 27 economies in Sub-Saharan Africa implemented 49 regulatory
reforms to improve their business environment, according to Doing Business
2011: Making a Difference for Entrepreneurs, the eighth in a series
of annual reports published by IFC and the World Bank.
For the third year in a row, Mauritius ranks highest in the region on the
overall regulatory ease of doing business for local firms. Globally, it
ranks 20th among 183 economies.
Rwanda, Cape Verde, and Zambia were among the 10 economies worldwide that
most improved the ease of doing business for local firms in the past year.
Rwanda moved up 12 places in the global rankings, while Cape Verde and
Zambia rose 10 and eight spots, respectively. Ghana led the world in making
it easier for businesses to obtain credit. Malawi led in improving contract
Many of Africa’s economies made it easier to import and export, a trend
driven in part by regional trade integration efforts.
“These welcome developments are another reminder that regulatory cooperation
between economies pays off,” said Janamitra Devan, Vice President for
Financial and Private Sector Development at the World Bank Group. “About
30 percent of global trade facilitation reforms in the past year took place
in Sub-Saharan Africa alone.”
Since 2005, about 85 percent of the world’s economies have made it easier
for local entrepreneurs to operate, through 1,511 improvements to business
regulation. Among the 30 most-improved economies during those five years,
a third are in Sub-Saharan Africa—Burkina Faso, Ghana, Madagascar, Malawi,
Mali, Mauritius, Mozambique, Nigeria, Rwanda, Senegal, and Sierra Leone.
Since 2005, Rwanda has implemented 22 business regulation reforms in the
areas measured by Doing Business. Starting a business in Rwanda
required nine procedures and cost 223 percent of income per capita in 2005.
Today, it takes two procedures and three days—and costs 8.9 percent of
income per capita.
Cape Verde, the region’s second-most-improved economy in the past year,
made starting a business easier by computerizing its licensing system,
eased property registration, and abolished some stamp duties. Zambia eliminated
its minimum capital requirement, computerized customs declarations, and
introduced an electronic case-management system in the courts.
About the Doing Business report series
Doing Business analyzes regulations that apply to an economy’s businesses
during their life cycle, including start-up and operations, trading across
borders, paying taxes, and closing a business. Doing Business does
not measure all aspects of the business environment that matter to firms
and investors. For example, it does not measure security, macroeconomic
stability, corruption, skill level, or the strength of financial systems.
Its findings have stimulated policy debates in more than 80 economies and
enabled a growing body of research on how firm-level regulation relates
to economic outcomes across economies.
For more information about the Doing Business report series, and for region
specific press releases, please visit: www.doingbusiness.org
About the World Bank Group
The World Bank Group is one of the world’s largest sources of funding
and knowledge for developing countries. It comprises five closely associated
institutions: the International Bank for Reconstruction and Development
(IBRD) and the International Development Association (IDA), the International
Finance Corporation (IFC); the Multilateral Investment Guarantee Agency
(MIGA); and the International Centre for Settlement of Investment Disputes
(ICSID). Each institution plays a distinct role in the mission to fight
poverty and improve living standards for people in the developing world.
For more information, please visit www.worldbank.org,
Contacts for region-specific queries on Doing Business 2011:
Lucie Giraud +254 (20) 275-9611
Nana Yaa Ofori-Atta +233 (244)
Francois Gouahinga +1 (202) 473-0696
Email : email@example.com