This year the Doing Business 2019 Report a Flagship publication of the World Bank shows that, in general countries in Sub-Saharan Africa are making the most progress in terms of improving their national business environments as compared to other regions in the world. The region had the highest number of reforms in the areas of enforcing contracts, starting a business and registering property.
For the first time Mauritius joins other economies in the top twenty rankings world wide. Mauritius moved up five places in the rankings from 25 to 20 and broke the top twenty glass ceiling. Mauritius is the first SSA country to be included in the top twenty ranks.
Other notable countries that improved their rankings are Rwanda with a global rank of 29 from 41 last year, Kenya (61) moved up 19 places and Djibouti which moved up an impressive 55 places to be ranked in the top 100 at 99. Last year Djibouti ranked 154 worldwide.
Djibouti's improvement in this years rankings occurred after consistently implementing reforms across more than five areas in the Doing Business categories, Djibouti implemented six reforms in the areas of starting a business, registering property, getting credit, protecting minority investors, enforcing contracts and resolving insolvency. Rwanda also implemented seven reforms in the time period under review.
Despite global and continental declines in Foreign Direct Investment, the COMESA region posted an increase in FDI inflows of 3.6% growing from US$18.6 bn in 2016 to US$19.3 bn in 2017. This translated to almost half (46%) of Africa's FDI inflows in 2017.
For more information on Foreign Direct Investment and doing business reforms in the COMESA region click on the title and read the COMESA Investment Trends Report 2018