Rwanda is considered as the second best place to do business in Africa, according to World Bank Doing Business rankings. The East African country scored 56th out of 190 countries in the 2017 report released recently. In Africa, Rwanda is ranked the second easiest place to do business, behind Mauritius, which ranked the first in Africa and 49th globally.
The top five countries in Sub-Saharan Africa are Mauritius ranked 49, down from 32 last year, Rwanda at 56 from 62 last year, Morocco 75 from 68 last year, Botswana 72 from 71 last year, and South Africa at 73 from 74 last year.
The quick growth in Rwanda with significant progress across all the key sectors is characterized with progress attributed to transparency, accountability, and strategic channeling of investments in the right direction to maximize impact. The country has achieved significant improvements specifically in the service industry ranked 2nd in the world, in credit financing and now 4th globally on registration of property.
It is also commended for making trading across borders easier by removing the mandatory pre-shipment inspection for imported products; it also made enforcing contracts easier by introducing an electronic case management system for judges and lawyers.
Meanwhile, the report also introduced a gender dimension that measures equality of ownership between men and women in registration, ownership and rights to business. From the reports’ observation, Rwanda features all the three elements for both men and women, acknowledging that Rwanda has a gender equality principle that provides for the minimum of 30 percent quota for women in all decision-making positions.