info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
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Gone are the days when executives and investors could go anywhere on the African continent and find growth. Now it’s so important to understand the unique situation in each market to achieve success.
Using the 2019 World Bank Ease of Doing Business report, major political events to come in 2019 and macroeconomic factors in each country.
Rwanda is one of Africa’s fastest-growing economies with growth averaging more than 6 per cent every year since the turn of the century. Last year, it recorded the most business reforms in the region. The world bank says it has “carried out the most reforms since the inception of Doing Business 16 years ago.”
One major point of improvement pointed out in world bank’s Doing Business 2019 is the ease of starting a business in Rwanda. It has replaced its bureaucratic structures with an electronic system.
Last year, it replaced its stifling special billing machine system for value-added tax invoices with free software that allows taxpayers to issue value-added tax invoices from any printer. Also, the country is only second to New Zealand in the ease of property registration in the world.
