The country’s improvement on the ease of doing business rankings is a culmination of the various economic reforms that have been implemented by government.
Government’s economic reform agenda in the form of pro-investment policies have largely been noticed with the latest being the World Bank which moved the country fifteen places up on its ease of doing business index to number 140.
The Bank noted the reduction of turnover in the issuance of construction permits, among other host of reforms as the reasons behind the latest surge since government started to open up the economy to global investment.
Economist, Mr Persistence Gwanyanya said the move by government attests to the enormous work to make the economy attractive to both local and foreign investments.
“The ease of doing business shows that many hindrances which affect doing business are being chucked out and it helps to lure investors into the country,” said Gwanyanya.
In a 2020 Budget Strategy paper introduced to cabinet, Treasury plans to hinge further economic growth on competitiveness by removing other impediments which constrain investment. Despite some of the country’s ongoing economic challenges, the improvement on the ease of doing business rankings is an endorsement by the international investment community of the country’s economic reform agenda.
