Watch the news & stories in motion: Subscribe to WeeTracker on YouTube
The World Bank’s Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it.
It provides quantitative indicators covering 12 areas of the business environment in 190 economies.
The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.
In the early hours of Thursday, October 24, the World Bank released its 17th Ease of Doing Business Report. In the report, it ranked 190 countries across the globe according to how easy or difficult it is to do business as a consequence of government policies.
On the African front, several countries did climb up the list, signalling more favourable government policies with respect to doing business.
Economies in Sub-Saharan Africa continued to improve their business climates, with the region’s largest economy, Nigeria, earning a place among the year’s top global improvers alongside Togo, according to the World Bank Group’s Doing Business study.
Togo is, in fact, on the list of top improvers for the second consecutive year and Nigeria’s policy reforms of late saw the 200-million-people nation move up 15 places to 131st in the latest Ease of Doing Business rankings. Nigeria, however, still has a lot of work to do break into the list of the best-placed African countries.
Overall, there are only 9 African countries in the top 100 of the latest ranking with Rwanda, Morocco, and Kenya, leading the rest of the pack.
Below is a list of the 10 highest-ranking African countries in the latest Doing Business report:
Featured Image Courtesy: TheAfricanExponent
Found the article interesting ? Follow us on Twitter to see what others are saying about it.
9500+ subscribers are getting our free newsletter on African technology, startups and innovators bi-weekly.
Made with ❤ in Africa