Botswana has been named among three of the world’s top reformers of business regulations in Africa in 2008, the continent’s record year for regulatory reforms that make it easier to do business, with 28 countries completing 58 reforms, according to Doing Business 2009 Report.
The sixth in an annual series of reports published by International Finance Corporation and the World Bank, the report said three of the world’s top 10 reformers of business regulations in Africa 2008 are Botswana, Senegal and Burkina Faso.
Botswana cut the time to start a business, facilitated trade, and strengthened investor protections.
Senegal made it easier to start a business, register property, and trade across borders.
Burkina Faso introduced a new labour code and reforms for registering property, dealing with construction permits, and paying taxes.
According to a statement issued by the World Bank offices in Nairobi on Wednesday, post-conflict countries, Liberia, Sierra Leone and Rwanda, were among the region’s most active reformers of business regulations.
Mauritius moved up to 24 in the global rankings on the regulatory ease of doing business and continues to provide inspiration for reform and good practices to other economies across Africa. The runner-up in these overall rankings is South Africa at 32, followed by Botswana at 38.
“With more reforms of business regulations in Africa than in any previous year, we are seeing many countries get inspiration from their neighbours about how to reform. Increasingly, countries in the region are committing to reform agendas that make it easier to do business,” said Sabine Hertveldt, a co-author of the report.