Rwanda, Zambia, Cape Verde Lead Improvements in World Bank Business Survey

Rwanda, Cape Verde and Zambia led the 27 sub-Saharan African countries that improved their position in the World Bank’s Doing Business survey, a report that measures the ease of conducting business in 183 countries.

Cape Verde, an archipelago off the continent’s Atlantic coast, along with the two other countries counted among the top 10 most-improved business climates in the World Bank’s 2011 study, the Washington-based lender said in an e-mailed statement yesterday.

The Indian Ocean island nation of Mauritius ranked as Africa’s most business-friendly country, at 20th on the report’s overall standings, it said.

Ghana, which is set to become West Africa’s newest oil exporter, ranked highest on the continent in terms of access to credit, while the southeast African agricultural economy of Malawi “demonstrated itself on a world scale,” in its improvements in regulating contracts, according to the statement.

A third of the report’s top 30 reformers since 2005 are in sub-Saharan Africa, including Nigeria, Senegal, Sierra Leone, Mali, Burkina Faso, Mozambique, Rwanda, Ghana, Mauritius and Madagascar.

To contact the reporter on this story: Drew Hinshaw in Dakar via Johannesburg at pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at asguazzin@bloomberg.net.

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