President Paul Kagame has said that business regulations shouldn’t mean hindrance or an impediment to freedom of business operators.Kagame made the remarks today at the World Economic Forum’s sixth Annual Meeting of the New Champions (also known as the Summer Davos) taking place in Tianjin, China.“Business regulations should mean enhancing high standards and quality and also setting the ground to the point that when people come to do business in the first place, they know where to start from,” he stated.“Regulations should promote innovation, entrepreneurship and doing business not a hindrance or an obstacle to freedom of business operation.”Kagame also talked about global competitiveness reports in terms of doing business where he said: “if Rwanda can do it I am sure many countries can do it even better.”The World Economic Forum (WEF), in its global competitiveness index, this year ranked Rwanda the most competitive country in East Africa, third in Sub-Saharan Africa and has moved up seven places compared to last year’s rankings.Rwanda now is on 63rd position globally out of 140 countries that were surveyed by WEF.
