News from Islands
Business climate improves sharply in Cape Verde and Mozambique
Macau, China, 8 Nov – The business climate in Cape Verde and Mozambique improved sharply over the last year and more moderately in Portugal and Angola, according to the latest “Doing Business” ranking published by the World Bank.
In the list, which was published last week, Cape Verde rose by 10 places compared to last year, to 132nd, out of 183 countries, which placed the archipelago amongst the top 10 countries to show improvement in the last year.
The improvement was achieved mainly due to the computerisation of the licensing system, which made it easier to register property (rise of 27 places to 104th), and the start of business activities (19 places to 120th).
Another factor, the World Bank said, was the abolition of some fees, which allowed for some fiscal improvements (40 places to 100th).
Cape Verde is one of only three sub-Saharan African countries to be included in the Top 10 of reformers, together with Rwanda and Zambia.
In terms of State Reform, the Cape Verdean authorities introduced the “Company on the Day” programme to make it easier and reduce the cost of opening up a business.
Source: macauhub
