Rwanda an economy which suffered heavily during the 1994 genocide which resulted in a large drop in GDP and destroyed all hopes of private and external investment. Rwanda has moved ahead in a positive direction and has been managed to strengthen it’s PPP from $390 in 1994 to $951 in 2008
As per the report by world bank group Rwanda has been ranked top reformer country in 2010 by passing 7 reforms to encourage International & domestic investment. In this server of 183 countries Rwanda improved its position from 143 to 67. This is a remarkable growth for any country. Some of the points from these reforms are as follows
· Registration of property, getting credit has been eased.
· Building of warehouses are simple in terms of procedures, time, and costs
· The cross border trade has been more regulated. Import and export processes have been made easier
· an investor can now walk in the country and within two days start a business
· There are new company law, labour law, the law on commercial recovery and settling of issues arising from insolvency.
There is non-discriminatory policy on employment of people in private sector so for example person walk in hotels and he will be welcomed by Kenyans, he moves to a construction sites or a garages he will find Ugandans are dominating the sector, if he wants a hair cut and, person from the Democratic Republic of Congo will offer the service.
Unitedworld Executive.
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