Amb. Valentine Rugwabiza, CEO of the Rwanda Development Board
11 November 2013 Radical reforms which have made it easier for businesses to get credit, pay tax and deal with construction have boosted Rwanda’s ratings again in the World Bank’s ‘Doing Business Report’. In 2014’s index, Rwanda is the 2nd most improved country in the world after Ukraine – and the second easiest place to do business in Africa, a position that was previously held by South Africa. It came in 32nd on the overall list, up from 52nd last year, representing a leap frog jump of 20 places.
The CEO of the Rwanda Development Board, Amb. Valentine Rugwabiza welcomed the report
“Rwanda has been very active since 2008/9. Rwanda has been top global reformer twice before in DB 2010 and DB 2011. We have been acknowledged again as top reformer this DB 2014. The 2014 Doing Business results are a statement of our consistent efforts to empower our local and foreign entrepreneurs. We are determined to work alongside investors to make sure we do all we can to make Rwanda a great place to do business and unleash the country's full potential.”
The report, dubbed ‘Understanding Regulations for Small and Medium Size Enterprises’ also highlighted Rwanda’s improvements in 8 reforms in starting a business, dealing with construction permits, registering property, getting credit – legal rights, protecting investors, paying taxes, trading across borders and resolving insolvency which have helped it maintain its position above all its East African Community partner countries.
The 2014 results underline the importance of cooperation between government institutions and agencies in order to overcome the constraints facing Rwanda’s private sector.
Kanimba Francois, Minister of Trade and Industry and Chair of the Doing Business Steering Committee, said:
“We were inspired by the 2014 results to even do better especially on indicators that were more challenging. The Doing Business spirit that is inbuilt within our institutions enabled us to strengthen the KCC One-Stop Center for Construction Permits in order to promptly address the main challenge to our construction industry as well as upgrade the land administration office with web-based Land Administration Information System for processing land transactions. But there is still more to do; over the next 12 months, we will continue our national reform agenda so that business and trade contribute more to Rwanda's economic growth and social transformation”
The Rwanda Development Board will continue to foster existing partnerships, and build new ones among different doing business stakeholders and agencies in order to do make sure that business is at the heart of our development.