…Namibia drops in World Bank’s Doing Business survey
By Hilary Mare
NAMIBIA has dropped seven places in the Doing Business 2017 report released last week by the World Bank to 108 from 101 in 2016, out of 190 countries surveyed.
According to World Bank, “Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. The report presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies—from Afghanistan to Zimbabwe—and over time.
“Doing Business measures aspects of regulation affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. Doing Business also measures features of labour market regulation, which is not included in the ranking.
“Data in Doing Business 2017 are current as of June 1 2016. The indicators are used to analyse economic outcomes and identify what reforms of business regulation have worked, where and why.”
According to the report, Namibia was ranked 164 out of a total of 189 countries in the Ease of Starting a Business category in 2016 has dropped to 170 for 2017.
Other highlights of the report noted the ranking for Namibia to be: trading across borders (159), getting credit (rank) 175, dealing with construction permits (66), protecting minority investors (179), getting electricity (rank) 149, paying taxes (119), enforcing contracts (188), registering property (143), getting electricity (rank) 149 and resolving insolvency (164). The top 10 ranked countries in the world are New Zealand with 87.01 points; Singapore 85.05; Denmark 84.87; Hong Kong SAR, China 84.21; Korea, Rep. 84.07; Norway 82.82; United Kingdom 82.74; United States 82.45; Sweden 82.13; and Macedonia 81.74. The top ranked African countries in the report are Mauritius at 49 position; Rwanda at 56; Morocco 68; Botswana 71; South Africa 74; Tunisia 77; Kenya 92; Zambia 98; Lesotho 100; Ghana 108; and Namibia 108. African countries also dominated the bottom of the report with Chad at 180; Angola 182; Congo, Dem. Rep. 184; Central African Republic 185; South Sudan 186; Libya 188; Eritrea 189; and Somalia 190.
In Sub-Saharan Africa, the report said economies stepped up the pace of reform activity, with 37 economies undertaking a total of 80 business reforms in the past year, an increase of 14 percent from the previous year.
“For the second consecutive year, Kenya was among the world’s top 10 improvers, while seven economies implemented four or more reforms each in the past year. However, 13 economies in the region stipulate additional hurdles for women entrepreneurs,” the report said.
Globally, it said a record 137 economies around the world adopted key reforms that make it easier to start and operate small and medium-sized businesses, says Doing Business 2017: Equal Opportunity for All, the World Bank Group’s annual report on the ease of doing business.
“The new report finds that developing countries carried out more than 75 percent of the 283 reforms in the past year, with Sub-Saharan Africa accounting for over one-quarter of all reforms,” the report said.
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