GIS - 30 October 2014 : Mauritius tops Africa's Sub-Saharan economies and is ranked at the 28th position worldwide on Overall Ease of Doing Business, according to the World Bank group's Doing Business 2015 Report entitled: Going Beyond Efficiency, launched yesterday.
Mauritius has climbed one place compared to its 29th position in Overall Ease of Doing Business 2014. The country has the region’s highest ranking on the ease of doing business followed by South Africa (43) and Rwanda (46) out of the 189 economies rated by the International Finance Corporation and the World Bank.
According to the 12th edition of the report, Mauritius is also ranked at the 13th and 17th position with regard to paying taxes and trading across borders respectively. As for distance to frontier the country has scored an overall score of 74.8 compared to 74.4 in the 2014 report, representing an improvement of 0.4 point.
Doing Business 2015 report states that the country’s performance can be mostly attributed to the continuous reforms on which it 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.
It further highlights that the country has made the procedures for starting a business and enforcing contracts easier by reducing trade license fees and by introducing an electronic filing system for court users.
With regards to the Sub-Saharan African region, the report observes that from June 2013 to June 2014, 35 out of the 47 economies in Sub-Saharan Africa implemented at least one regulatory reform making it easier to do business with a set of 75 reforms in total.
Since 2005, all economies in the region have implemented business regulatory reforms in the areas measured by Doing Business with Rwanda having the largest number of reforms in the region followed by Mauritius and Sierra Leone, concludes the report.
Doing Business Report 2015 measures regulations based on 11 areas of the life cycle of a business. Ten of these areas are included in this year’s ranking on the ease of doing business namely: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency. Doing Business also measures labor market regulation, which is not included in this year’s ranking.
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