Rwanda has become the first country in sub-Saharan Africa to top the World Bank’s annual ranking of reformers doing the most to create business-friendly environments, the World Bank recently said.
Rwanda’s ranking as the top reformer is likely to burnish the country’s status as a darling of western donors and high-profile international figures such as Tony Blair, the former UK prime minister, whom it has recruited as an adviser.
However, business people say capital flows to Rwanda continue to be impeded by other obstacles not captured in the rankings, which fuel frustration and push up costs.
Rwanda, a tiny, landlocked country, did more than anywhere else to streamline business regulations as it continued to rebuild an economy that was devastated by the 1994 genocide. Read the rest of this entry »
