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Uganda Better Place to Do Business – World Bank

Uganda performed better than Burundi and Tanzania in the region in the latest ranking

Uganda Cranes star based in Denmark, viagra sale http://coparmex.org.mx/wp-content/plugins/woocommerce/includes/wc-cart-functions.php Emmanuel Okwi grabbed a brace in a space of three minutes to guide the Danish giants SoenderjyskE to a 6-2 romping of minnows Greve fc in a second round of the DBU Pokalen.

Okwi scored on the 61st and 64th to add on Thomas Dalgaard’s earlier double in the  14th and 18th minute.  Mikkel Hedegaard and Jeppe Simonsen scored the other goals to complete the assault.

SoenderjyskE will resume action on Monday 2nd November with  Superligaen (league) clash against 9th placed AGF and then AaB on Friday 6th.  SoenderjyskE is currently 3rd on the log with 21 points, six adrift leaders Fc Copenhagen.
Uganda has been named among the top economies in Sub Saharan Africa that exhibit notable improvement and favorable to do business, pilule http://cntl-marseille.com/wp-admin/includes/class-wp-comments-list-table.php a World Bank report has showed.

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The 2016 Report on Doing Business covering 189 countries, page http://csanz.edu.au/wp-admin/includes/credits.php ranked Uganda in 122nd position globally with a distance to frontier (DTF) score of 56.64 where 100 is the frontier and 0 the furthest from the frontier.

Rwanda has highest ranking (62nd) in East Africa with a DTF score of 68.12 while Kenya is in 108 place with a DTF score of 58.24. Burundi and Tanzania ranked 152 and 139 respectively.

Doing Business focuses on regulations and regulatory processes involved in setting up and operating a business. The focus is benchmarked on the idea that businesses need regulation and without rules that underpin their establishment, viagra approved http://ccalliance.org/wp-content/plugins/jetpack/functions.gallery.php operation and dissolution, modern businesses cannot exist.

“If the process is too complex as in Equatorial Guinea where completing the formalities to start a business takes 18 procedures and 185 days, it can deter entrepreneurs from even starting a new business”

The study rates countries focusing on the convenience of processes like; construction permits, getting electricity, registering property, paying taxes, protecting minority investors, trading across borders and enforcing contracts.

“In 2014/15, 122 economies implemented at least one regulatory reform in the areas measured. Europe and central Asia had the largest share of economies implementing at least one reform. Lower economies have improved more in areas measures by Doing Business than high income economies” stated the report.

Sub Saharan Africa had the second largest share of economies with at least one reform. The overall top 10 economies showing improvement in performance of Doing Business indicators in 2014/15 are; Costa Rica, Uganda, Kenya, Mauritania, Uzbekistan, Kazakhstan, Jamaica, Senegal and Benin.

Rwanda is credited for making significant strides in Sub Saharan Africa through its reforms in registering property and getting credit. The country reduced both the cost and time for registering a business, and also eliminated the requirement for a tax clearance certificate.

This is in addition to implementing a Land Administration Information System for processing land transactions which improved quality of land administration.

 

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