|Entrepreneurship Kampala. Flickr/Xander|
Tuesday, June 25, 2013
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 Uganda ranked it in position 120, a drop of one position from 2012. Uganda was ahead of Kenya (121), Ethiopia (127), Tanzania (134), Sudan (143), Djibouti (171) and Eritrea (182), but well behind Rwanda at 52. The World Bank did not rank Somalia and South Sudan.