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Wednesday, 02 November 2016

East Africa: Rwanda and Kenya Bolster Trade Across Borders to Ease Doing Business

East Africa received a mixed bag of results in doing business in the latest report by World Bank; with Rwanda and Kenya leading while Burundi, South Sudan and Somalia brought up the rear. The World Bank cited implementation of projects meant to improve trading across borders as key to the good showing while civil strife hampered those countries that did poorly. According to the World Bank's Doing Business 2017 report, Rwanda -- ranked 56 from last year's 59 -- remains the easiest place to start a business in the region. Rwanda is also the second easiest country within which to do business in sub-Saharan Africa after Mauritius, which is ranked 49th. Kenya -- the bloc's biggest economy -- though at second place, was the most improved, moving 21 places up the ranking from 113 last year to 92. Uganda is ranked at 115 from last year's 122, while Tanzania moved to position 132 from 144. Troubled by civil strife, Burundi is ranked at 157. South Sudan, another East African country dogged by incessant conflict, was ranked at 186, four places short of being the worst performing country in the world. At 190, Somalia which also suffers the debilitating effects of war, terrorism and a fledgling government is ranked as the worst country to start a business in the world.

Source: allafrica.com