Categories: CameroonOther

Cameroon Fails World Bank 2020 Ease Of Doing Business Report

The World Bank in its 2020 Ease of Doing Business report says Cameroon is 167 out of 190 sampled destinations with ease of doing business across the globe. After studying 10 factors favourable for doing Business like: starting a business, employing workers, dealing with construction permits, getting electricity, registering property, getting credit, protection of minority investors, paying taxes, trading across borders and contracting with the government, the World Bank gave Cameroon a 46.1 score out of a total of 100 points available. The Briton Wood institution notes that Cameroon has only improved in one out of the ten factors since the publication of the 2019 report and that is in the domain of the dissemination of information related to the acquisition of credits in Cameroon. In response to the publication, “Invest in Cameroon” platform said the the improvement by Cameroon in one of the factors is thanks to its confederation of financial institutions within the CEMAC subregion. The World Bank in the ranking positions Cameroon on top within the CEMAC zone followed by Gabon, Equatorial Guinea, Congo, Chad and the Central African Republic in respective order. Despite this, Cameroon still witnessed a drop compared to last year when it was on spot number 166. On the continental level, the first three top positions in Africa went to Morrocco, Kenya, and Tunisia while top from the bottom are Somalia, Eritrea and Libya. Overall, New Zealand, Singapore and Hong Kong top the global Ease of Doing business Chart for 2020.MMI

Mimi Mefo Info (MMI)

Recent Posts

Cameroonians Among 11 Arrested in Nairobi Over Multi-Million Gold Scam

Detectives in Nairobi have arrested 11 suspects, including two Cameroonian nationals. They were arrested in…

3 hours ago

In Pictures – Labour Day 2025 Celebrated with Colour and Call for Rights in Bamenda

The 139th edition of International Labour Day was marked in Bamenda with a vibrant display…

4 hours ago

Traoré Thanks Supporters as Mass Rallies Reject Foreign Interference

Burkina Faso’s president, Captain Ibrahim Traoré, has expressed his gratitude to supporters around the world…

4 hours ago

Fako Trade Unions Decry Non-payment of Salaries at Labour Day Celebration

Some trade unions in Fako Division, South West Region, are urging for better working conditions…

8 hours ago

Bokwaongo Royal Family Rejects Njie Mbonde’s Designation as Chief

By Tata Mbunwe The designation of journalist Albert Njie Mbonde as Chief of Bokwaongo village…

9 hours ago

Menka Village Responds to Separatist Attacks: Kidnapping and Recovery of Stolen Equipment

Youths in Menka, a village in the Pinyin area of Cameroon’s North West Region, have…

10 hours ago