Zimbabwe has remained on position 140 out of 190 economies on the 2020 World Bank Ease of Doing Business.
The country of improved to 140 in 2019 from 155 in 2018.
According to the latest World Bank report, Zimbabwe has improved on starting a business, streamlining approvals for construction permits and a reduction of the business licensing fee by Harare Municipality.
Comparatively, within the Sub-Saharan Africa region, the World Bank highlighted that Togo represents a bright spot in a region that has remained one of the weak-performing regions on the ease of doing business with an average score of 51.8, well below the OECD high-income economy average of 78.4 and the global average of 63.0.
Compared to the previous year,
Sub-Saharan African economies raised their average ease of doing business score by just 1 percentage point in Doing Business 2020, whereas economies in the Middle East and North Africa region raised their average score by 1.9. Latin America and the Caribbean also lags in terms of reform implemen-
tation and impact.
“No economies from this region appeared in the 10 top improvers list over the past two years. Moreover, not a single economy in Latin America and the Caribbean ranks among the top 50 on the ease of doing business,” said the World Bank.
