The study about business climate improvement shows that the countries assessed by the World Bank have implemented a number of reforms between 2015 and 2016, which represent a performance increase of 14%. Speaking about the DRC, the report states that apart from the entrepreneurship, the country has made progress in obtaining building permits and connection to electricity, while in other areas, such as cross-border trade, minority investors protection and taxes, progress has not been reported until now. In general, African countries have implemented at least four reforms. Niger is the region’s champion, with a total of six reforms. It is followed by Kenya who implemented five amendments and appears for the second consecutive year in the top ten reforming countries in Africa. Then come the Ivory Coast, Mauritania, Rwanda, Senegal and Togo who have implemented four reforms each. Doing Business 2017 also reveals that countries such as Benin, Burkina Faso and Mali, have facilitated the resolution of insolvency, by introducing a new conciliation procedure for companies in financial difficulties. While in the world ranking, newcomer Somalia occupies the bottom place of the table, the 190th position, the first place winner is New Zealand, followed by Singapore. The Doing Business data underscores that more and more governments around the world adopt significant reforms to improve the business climate. Creating a new business now takes 21 days on average worldwide, against 46 days 10 years ago.
Source: Radio Okapi