29th Oct 2019 Back
Mauritius, Rwanda and Morocco were the top-performing African economies listed in the “Doing Business 2020” report released by the World Bank Group with Mauitius being the hightest global perfomer
Mauritius shifts further up the top top 20 to the 13th position overall on the World Bank’s “Ease of Doing Business Report 2020. Additionally, Mauritius asserts its spot as the best place for doing business on the African continent. This follows after the communiqué from the EU, which mentioned that Mauritius was wholely compliant to EU tax good governance principles. This was mentioned after the “adoption of the finance bill in July 2019 and later on amended legislation applicable to its Freeport zone and Partial Exemption regimes.”
The annual ranking looks over 100 countries and evaluates the business environment on the basis of 10 measures such as access to credit, with an overall ranking that that covers ten major aspects; namely, Starting a Business, Dealing With Construction Permits, Getting Electricity, Registering Property, Getting Credit, Protecting Minority Investors, Paying Taxes, Trading Accross Boarders, Enforcing Contracts and Resolving Insolvency
The rankings are intended to give motivation to improvements which will hopefully in turn, bring interest to invest and raise employment, matters that are especially critical to economic development in poorer countries including sub-Saharan Africa. The region’s average score for access to electricity was 50.4, with nearly two dozen countries performing below that average. By comparison, Mauritius was scored at 88, with the closer Sub-Saharan countries in the lower 80s, being Rwanda and Kenya respectfully.
It would be inmportnant to note that Mauritius moved from the 99th position in 2017 to the 23rd position with regards to Registering Property indicator, following the improvement of the property registration process and improvements in the Mauritius e-Registry System (MERS). Likewise, Mauritius has improved in other indicators including Starting a Business, Resolving Insolvency and Enforcing Contract.