Rwanda's impressive business rankings are a result of a variety of different policies and reforms that the government has put in place in the economic arena and beyond.
Rwanda’s impressive business rankings are a result of a variety of different policies and reforms that the government has put in place in the economic arena and beyond.
This means that the country’s competitiveness improvement is based on steady and sustained progress of numerous indicators. This can be seen in the different global reports that have ranked Rwanda highly.
Rwanda is doing well in several areas, from the ease of doing business, to gender parity and safety.
For instance, according to the 2014 World Bank Doing Business Report, Rwanda is the 32nd easiest country in the world to do business (having come from 150th in 2008); it is also the third easiest place to do business in Africa (after Mauritius and South Africa) and the first in the East African region.
Similarly, the Economic Freedom of the World Report and the World Economic Forum Global Competitiveness Report both rank Rwanda as the third economically free and most competitive country, respectively, in the sub-Saharan African region.
Rwanda did move up four places from 66th to 62nd this year. The table below highlights some of the areas where Rwanda performed well:
Moreover, according to Gallup’s Global State of Mind Rwanda is ranked as a No.1 country where a citizen is most likely to feel Safe. The same report indicates that Rwanda has the 2nd least wide spread corruption in government after Singapore.
In addition, Rwanda is ranked 9th globally and 1st in Africa in employee-employer relations according to the Insead Business School of the world
Owing to its clean and green environmental practices, Rwanda has the best ecological footprint in Africa and ranks fourth in the world. The country also has the 11th smallest carbon emissions per capita.
Clearly, there is consistency in global reforms on Rwanda’s business climate.
The country is excelling in the following areas where it came within the top 10.