Pdidy
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- Nov 22, 2007
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Rwanda had recorded notable improvements in different sectors putting it at the top in availing economic opportunities for its people compared to almost all the other African counterparts, according to the 2012 Economic Freedom Index compiled by Heritage Foundation and the Wall Street Journal.
Rwandas economic freedom score is 64.9, making its economy the 59th freest in the 2012 Index released January 13. Rwandas score is 2.2 points better than last year, reflecting notable improvements in freedom from corruption, monetary freedom, and investment freedom.
Compared to the four East African Community neighbours and DR Congo, only Uganda is among the top 100 countries. The rest are positioned way behind as result of corruption and business environments that need more reforms.
Rwanda is ranked 3rd out of 46 countries in the Sub-Saharan Africa region and achieved the fifth largest score improvement in the 2012 Index. The others are Mauritius and Botswana.
Securing its status as one of the worlds moderately free economies, the Rwandan economy has registered impressive score gains of more than two points in each of the past three years, said the report.
Reforms have supported economic expansion and a gradual reduction in poverty.
Kenya was at 105, Uganda (78), Tanzania (110), Burundi (157) and DR Congo lagging at 172.
The top global nations for 2012 are: Hong Kong, Singapore, Australia, New Zealand and Switzerland in order. Mauritius ranked at 8 making it the only African nation to appear among the top 10 freest places.
Rwandas economic freedom score is 64.9, making its economy the 59th freest in the 2012 Index released January 13. Rwandas score is 2.2 points better than last year, reflecting notable improvements in freedom from corruption, monetary freedom, and investment freedom.
Compared to the four East African Community neighbours and DR Congo, only Uganda is among the top 100 countries. The rest are positioned way behind as result of corruption and business environments that need more reforms.
Rwanda is ranked 3rd out of 46 countries in the Sub-Saharan Africa region and achieved the fifth largest score improvement in the 2012 Index. The others are Mauritius and Botswana.
Securing its status as one of the worlds moderately free economies, the Rwandan economy has registered impressive score gains of more than two points in each of the past three years, said the report.
Reforms have supported economic expansion and a gradual reduction in poverty.
Kenya was at 105, Uganda (78), Tanzania (110), Burundi (157) and DR Congo lagging at 172.
The top global nations for 2012 are: Hong Kong, Singapore, Australia, New Zealand and Switzerland in order. Mauritius ranked at 8 making it the only African nation to appear among the top 10 freest places.
