Mozambique rises 15 places in World Bank’s “Doing Business” ranking

30 October 2014

Mozambique has improved in the “Doing Business 2015” ranking recently released by the World Bank, currently occupying 127th place in the index that assesses the business climate of 189 countries and is led by Singapore, New Zealand and Hong Kong.

With improvements of between three and 47 places in the indicators “treatment of permits for construction,” “registering property,” “access to credit,” and “resolution of insolvencies,” Mozambique rose to 127th place in the ranking, which was an improvement of 15 places compared to the last study.

However, the country recorded negative evaluations under “business opening,” “access to electricity,” “protection of small investors,” “paying taxes” and “trading across borders,” the World Bank researchers said, noting decreases of between 1 and12 positions in these indicators.

Commenting in Maputo on the results of the index, the Mozambican Minister of Mining Resources said “it is a very good news for the Mozambican government and means that reforms that have been made are beginning to take effect.”

After Mozambique, Sao Tome and Principe was the second member state of the Community of Portuguese-Speaking Countries (CPLP), which showed the biggest improvement, and is currently ranked 153rd in the index, an improvement of seven places compared to 2014.

Improvements were also seen in Brazil (three places to 120th) and Timor-Leste (two places to 172nd), whilst the remaining five Portuguese-speaking countries fell in the ranking, especially Cabo Verde (Cape Verde), which fell four places to 122nd as the country with the most points lost.

Similarly to Guinea-Bissau, which fell three places to 179th position in the table, the latest member of the community, Equatorial Guinea, fell three places to 165th.

Portugal fell two places, but is still the CPLP country with the best business climate (25th place), unlike Angola, which was ranked 181st and fell one place in the latest ranking. (macauhub/MZ/ST/BR/TL/GW/PT/CV)