Friday, November 24, 2017
Lessons from African nations powering up the business rankings. The World Bank Group recently launched its annual Doing Business report. In its 15th edition, the report investigates regulations that enhance business activity and those that constrain it in 190 countries. These regulations include starting a business, obtaining construction permits, availability of electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Nigeria, Djibouti, Zambia and Malawi were amongst the top-10 reformers in this year’s edition. Nigeria (Africa’s largest economy, but currently facing strong economic headwinds) moved up 24 places to the 145th position, and so is by default a case study for this year’s report.