Tuesday, June 25, 2013

Doing Business in Eritrea

The World Bank has just released its Doing Business 2013, which shed light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations.  It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and employing workers.

The World Bank ranked 185 countries globally.  Doing Business 2013 Eritrea ranked it in position 182, the same position it held in 2012.  Eritrea ranked behind all other countries in the region: Djibouti (171), Sudan (143), Tanzania (134), Ethiopia (127), Kenya (121), Uganda (120) and Rwanda (52).  The World Bank did not rank Somalia and South Sudan. 

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