Rwanda is “most improved economy” since 2005, says World Bank

The construction industry has benefited from the improvements in doing business

 The 2014 Doing Business Report – an annual survey of the ease of doing business around the world says that Rwanda is the most improved economy in Sub-Saharan Africa since 2005.

In the report, Rwanda is praised for the impressive strides in having well-designed institutions, and the ability to coordinate efforts to improve the business climate.

In the 2014 report, Rwanda once again performed well in making it easy to do business and has been ranked in position 32 out of 189 countries in the latest World Bank data.

The country moved up 22 places from its former position at 54 in the previous assessment on Doing Business 2013.

The 2014 ease of doing business report indicates that Kenya came in 129, Burundi in 140, and Tanzania 145, while Mauritius came in 20 and DR Congo 183^rd position.

Rwanda’s improved performance was seen in the areas of dealing with construction permits, registering property, getting credit, protecting investors, paying and resolving insolvency.

However, there was a slight one point position decline in starting a business, getting electricity and trading across borders declined by two positions.

The biggest increment in position was seen in the area of property registration-from position 62 to position 8, and dealing with construction permits- from position 122 to 85^th. There was no significant change in area of enforcing contracts and Rwanda maintained its earlier position at 40.

Countries in the EAC region didn’t make any much adjustment from their previous performance in 2013 in the economy indicators- distance of each economy to the “frontier”- across all economies and across time.

Rwanda made an improvement from 64 in 2013 to 70 in 2014, Uganda and Tanzania remained in same positions with just marginal improvements (56 and 54 respectively); while Kenya made one step up the ladder from 59 to 58^th. Burundi made a significant improvement from 47.5 to 50.6.

source:http://www.rwandaeye.com/featured/3202/rwanda-is-most-improved-economy-since-2005-says-world-bank/

Rwanda is “most improved economy” since 2005, says World Bank