GIS - 31 October, 2013: Mauritius tops Africa's Sub-Saharan economies and is ranked at the 20th position worldwide on Overall Ease of Doing Business 2014, according to the World Bank group's Doing Business 2014 Report entitled: Understanding Regulations for Small and Medium Size Enterprises, launched on October 29.
Mauritius remains among the top twenty economies on the overall ease of doing business followed by Rwanda (32nd in the global ranking), South Africa (41st), Botswana (56th) and Ghana (67th) out of the 189 economies rated by the International Finance Corporation and the World Bank.
According to the 11th edition of the report, Mauritius’ performance can be mostly attributed to the continuous reforms upon which the country has embarked thus transforming and improving the business climate into a more globally competitive one. Reforms have also made the investment procedures significantly easier for people to do business, says the report.
The Report further points out that the country has also improved access to credit information by starting to collect payment information from retailers and distributing both positive and negative information. In addition, the country made property transfers faster following the implementation of an electronic information management system at the Registrar-General’s Department.
Based on the theme Understanding Regulations for Small and Medium Size Enterprises, the report observes that the pace of reforms of the business sector has continued to accelerate after the 2008-2009 financial crisis and nine out of the 20 economies with the most improved business regulations since 2009, are part of the Sub-Sahara Africa. Out of the 47 economies in the region of sub-Saharan Africa, 31 have made at least one reform in 2012-2013.
Doing Business Report 2014 focuses on regulations applying to small and medium-size domestic companies in 11 areas of their life cycles mainly: starting a business, dealing with construction permit, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and employing workers.
Government Information Service, Prime Minister’s Office, Level 6, New Government Centre, Port Louis, Mauritius. Email: firstname.lastname@example.org Website: http://gis.gov.mu