Angola and Cabo Verde improve business environment

Angola and Cabo Verde (Cape Verde) have improved their business environment, having risen respectively seven and two positions in the “Doing Business 2018” index published on Tuesday in Washington by the World Bank (WB) and led by New Zealand with 86.55 points out of 100.

The report “Doing Business 2018: Reforming to Create Jobs,” the World Bank Group, analyses the measures taken between June 2016 and June 2017, by 190 countries to create jobs, attract investment and increase competitiveness, based on classifications based on an average score for 10 topics related to the business environment.

The Portuguese-speaking countries Portugal, Brazil, Mozambique, São Tomé and Príncipe and Guinea-Bissau have fallen on the list and Timor-Leste has kept its position.

Portugal fell from 25th to 29th place and its score fell from 77.40 to 76.84, while Brazil went from 123rd to 125th place with its score falling from 56.53 in the previous index to 56.45.

Mozambique has slightly improved its score, from 53.78 to 54 points out of 100, but still fell from 137 to 138th place.

São Tomé and Príncipe fell from 162nd to 169th place and a score of 46.75 to 44.84 points, while Guinea-Bissau has fallen from 172nd to 176th place with its score down to 41.45 from 41.63 previously.

São Tomé and Príncipe has introduced the “one stop shop”, system which had a positive effect on international trade, while Guinea-Bissau has improved its credit system.

Timor-Leste remained in 178th place despite its score dropping slightly from 40.88 to 40.62 points. (macauhub)