The World Bank Group’s latest Doing Business 2018: Reforming to Create Jobs report, has ranked Mauritius 25th – the highest among Sub-Saharan African (SSA) countries.
Mauritius’ position is the best in SSA on the report, which has New Zealand, Singapore and Denmark in first, second and third places, respectively on the global rankings, followed by the Republic of Korea; Hong Kong SAR, China; United States; United Kingdom; Norway; Georgia; and Sweden.
Within an African context, it revealed that Nigeria, Malawi and Zambia were also among this year’s top 10 improved economies, based on reforms undertaken. For the first time, the group of top 10 improvers includes economies of all income levels and sizes, with half being top improvers for the first time – El Salvador, India, Malawi, Nigeria, and Thailand.
Since its inception, the ease of Doing Business report has recorded business reforms in 186 of the 190 economies it now monitors. Rwanda has implemented the highest number of business reforms over the past 15 years, with a total of 52 reforms, followed by Georgia, which advanced this year into the top 10 ranked economies (47 reforms) and Kazakhstan and the former Yugoslav Republic of Macedonia (41 reforms each).
Apart from Mauritius been ranked 25th in the Doing Business index, other economies in the region that perform well on the ease of doing business rankings are Rwanda (at 41), Kenya (80), Botswana (81) and South Africa (82).
The region’s lowest ranked economies are Somalia (190), Eritrea (189), South Sudan (187), and the Central African Republic (184).
Other large economies in the region and their rankings are Democratic Republic of Congo (182), Ethiopia (161), Nigeria (145), Tanzania (137), Sudan (170), and Uganda (122).
Rwanda ranks among the best globally in the Doing Business areas of Registering Property (with a rank of 2) and Getting Credit (6). In registering property, Rwanda has an efficient land registry where it takes 7 days to transfer property and costs only 0.1% of the property value, the same as in New Zealand.
Additionally, Mauritius has among the least cumbersome business regulations in two Doing Business areas: Dealing with Construction Permits (with a rank of 9) and Paying Taxes (10).
Four economies in Sub-Saharan Africa rank in the top 10 in Getting Credit (with an average rank of 115). Zambia ranks 2, just after New Zealand, and Rwanda, Malawi and Nigeria all rank 6.
The region underperforms in the areas of Getting Electricity (with an average rank of 148), Trading Across Borders (137), and Registering Property (131). It takes an average of 115 days to obtain a permanent electricity connection to the grid in Sub-Saharan Africa, compared to the global average of 92 days.