Uganda remains in lowly third for ease in business

November 3, 2017 in Business, Infrastructure, Policy by Editor

November 3—Uganda recorded only one significant improvement in its business environment during the past 12 months according to the 2018 World Bank/IFC Ease in Doing Business survey which left the country in 122^nd place globally behind Rwanda at 41st and Kenya at 8oth. Tanzania came out at 137th and Nigeria further down at 145th.

Uganda recorded a reduction of the time for export documentary compliance and border compliance by allowing for electronic document submission and processing of certificates of origin and by further developing the Malaba One-Stop Border Post.

Out of 190 countries, Uganda ranked 55^th  for getting credit and 64^th in enforcing contracts. However in other areas, the country performed lowly particularly in areas of getting electricity, starting a business and dealing with construction permits which contributed to pushing Uganda’s overall ranking down from the previous 115^th.

This week, Kampala Capital City Authority announced that it is shifting the process of acquiring construction permits online effective 2018 to improve efficiency and limit any opportunities for corruption.

Doing Business captures several important dimensions of the regulatory environment as it applies to local circumstance. It provides quantitative indicators on regulation for 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.

By gathering and analyzing comprehensive quantitative data to compare business regulation environments across economies and over time, Doing Business encourages economies to compete towards more efficient regulation; other  measurable benchmarks for reform; and serves as a resource for academics, journalists, private sector researchers and others interested in the business climate of each economy.