Africa's Business Climate Has Improved Says World Bank

6 September 2006

Doing business became easier in Africa in 2005-2006, according to a new report by the World Bank and the International Finance Corporation (IFC).

For the first time, Africa made the top three among reforming regions, after Eastern Europe and the OECD countries. Forty-five regulatory reforms in 30 economies in the region reduced the time, cost, and hassle for businesses to comply with legal and administrative requirements.

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