NAIROBI, Kenya, Oct 24 – Kenya has risen five places to stand at position 56 out of 190 economies in World Bank’s 2020 Ease of Doing Business index.
According to the report released on Thursday at an event officiated by Deputy President William Ruto, Kenya was also ranked top on protecting minority investors and fourth of access to credit.
Kenya was ranked 61 in the 2019 Ease of Doing Business index, the 2020 index marking a steady improvement which has been attributed to several factors including resolving insolvency and access to electricity.
The country has move 80 places up since 2014.
In Sub-Saharan Africa, the country came third behind Mauritius, which stood at position 13 and Rwanda at position 38. The two are the only Sub-Sharan African (SSA) countries in the top 50.
In the top 100, countries SSA countries that made the list include South Africa at 84, Zambia at 85, Botswana at 87, Togo at 97 and Seychelles at 100.
The 2020 index scored Kenya at position 70 on electricity connection and 50 on resolving insolvency.