The country is still ranked among the best economies in the world in getting credit at the 2nd position globally and registering property at 12th.

World Bank
World Bank
According to the report, Rwanda has been ranked the second easiest place to do business in Africa after Mauritius. The economic giant on the continent, South Africa, comes third.

Rwanda is the top business friendly destination in East Africa, and the 7th top reformer globally according to the World Bank rankings.

It leads all the East African countries followed by Kenya in ease of doing business.

Launched in 2002, Doing Business report looks at domestic small and medium size companies and measures the regulations applying to them through their life cycle.

According to Claire Akamanzi, chief operating officer Rwanda Development Board, Rwanda implemented a credit scoring service, supporting banks and financial institutions to assess creditworthiness which he said made the country one of the best economies in the world in getting credit.

The small central African nation has demonstrated consistent strong performance in the World Bank Doing Business Rankings in recent years.

A new investment law, launched in July, seeks to bring foreign direct investments (FDIs) worth 1.12 billion U.S dollars by the end of the year.

Figures from Rwanda Development Board (RDB) put the country’s actual FDIs at 257 million U.S dollars in 2013 and 521 million U.S dollars in 2014. Enditem

Source: Xinhua

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