Angola among the most difficult countries to do business

Angola is among the top 10 countries where it is more difficult to do business, according to the World Bank Group “Doing Business 2017- Equal Opportunities for All” report, which assesses 190 countries.

The World Bank report concludes that 137 countries have undertaken reforms to improve the business climate in 2015/16, 20% more than last year.

The report includes a ‘ranking’ of 190 countries, led by New Zealand, which with a rating of 87.01 points is rated as the world economy where it is easiest to do business. At the bottom of the list is Somalia with a score of 20.29.

In the best position among the Portuguese-speaking countries is Portugal (with 77.4 points), one of the three countries of the Community of Portuguese-Speaking Countries (CPLP) which improved their performance, although down two places to 125th.

Brazil is the second highest-ranked Portuguese-speaking country in 123rd place, below compared to 116th last year.

Cabo Verde (Cape Verde) is the third highest ranked Lusophone economy in 129th place, with a total of 55.28 points, followed by Mozambique in 137th place with 53.78 points.

Sao Tome and Principe (162nd) and Guinea-Bissau (172nd) were the two other Lusophone economies that improved their position in the Doing Business ranking.

Angola (182nd), Equatorial Guinea (178th) and Timor-Leste (175th) are the Portuguese-speaking countries with the worst business climates. (macauhub)