The CEO of Rwanda Development Board (RDB), Francis Gatare has said that seeing Rwanda ranked 56th down from 62th is a commendable achievement though the country targets to keep on improving.
In a press conference following the recent World Bank ranking of countries easing trade, Gatare explained that the country has made reforms in registration of property, improving cross-border trade among others but lost marks in delivery of construction permit and electricity.
“We are the second in Africa in World Bank Doing Business ranking; but we want to become the first by next year and emerge the 10th globally,” he said.
The Minister of Trade, Industry and East African Affairs, François Kanimba who is in charge of the program ‘Doing Business in Rwanda’ has said that Rwanda is achieving a lot and will keep progressing by putting much emphasis on areas pointed to be weak and maintaining the scale of strong areas at the same time.
He said that Mauritius is the only country coming before Rwanda with only a few scores ahead.
“ When you look at standards in construction permit, we were ranked 37th before but are now in 158th position which will be corrected,” he said.
On electricity, the minister said; “There are other measures in place to help investors acquire electricity. We have enough information on power intermittence and the duration power cut lasts so that investors can adequately devise means of adapting. We have discussed with stakeholders and identified what went wrong and we are working on it,” he added.