According to the report, Rwanda rose to 41 from 56 on last year’s global ranking.
Rwanda is the first country in Africa that implemented reforms of monitoring and stabilizing commercial companies in the past nine years.
The Minister of Trade and Industry, Vincent Munyeshyaka welcomed the position saying that it shows the potential of government’s reforms in doing business.
“This shows us that Rwanda is developing. It is the first time for the country to be ranked in the first 50 positions globally. We should keep good practices, solving some remaining problems as well as planning new activities that will lead us to more development,” he said.
The Rwanda Development Board Chief Executive Officer, Clare Akamanzi said that the rising was attributed to five reforms that were implemented last year.
Among the implemented reforms are; improving issuance of construction permit standard process, easing property registration process and easing payment of taxes by using online payments systems among others.
Reforms also helped small investors by setting up good control systems with transparency.
In East African Countries, Kenya was ranked 80, Uganda 122 and Tanzania 137 globally.