News from Islands
Cape Verde among the 10 African countries that have evolved more in economic governance
Lisbon, Portugal, Jun 7 - Ten of the thirty African countries that "most improved" in terms of economic governance in 2010 are sub-Saharan Africa, especially Rwanda, Cape Verde and Zambia, according to a report released Monday by the African Development Bank (ADB).
The document "African Economic Outlook 2011" released at the annual meeting of the ADB, which takes place 60-10 June in Lisbon, is based on data from "Doing Business 2011" report from the World Bank, which annually establish a list of countries that have introduced reforms to improve the business environment.
About Cape Verde, the ADB report highlights, for example, that the country had eliminated the "stamp tax on sales and controls", while Zambia has offered "facilities for start-ups, eliminating the" Capital Requirement minimum. "
Overall, the Index of Economic Freedom is led by Mauritius, which occupies 12. Th position worldwide in 2011, followed by Botswana (40. ª) and Cape Verde (65. ª), Namibia (73. ª) South Africa (74. ª) and Rwanda, which appears at 75. th position.
In the same list, Angola (161. ª) ranks last among other African countries whose official language is Portuguese, behind Guinea-Bissau (159. Rd), Sao Tome and Principe (150. ª) and Mozambique (109. Nd position).
The ADB report also highlights the progress made by Mozambique and Guinea-Bissau with regard to the initiation of business activity and the ability to enforce contracts, respectively.
Source: macauhub
