Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Read our previous posts here.
Business people seeking opportunities in Africa might want to give the tiny country of Djibouti, situated at the entrance of the Red Sea, a second look after the World Bank’s Doing business report, released last week, listed it as one of the top 10 most improved economies for ease of doing business in 2016/17.
Djibouti has implemented five reforms which have made it easier to do business in the country.
- These reforms have made it easier to start a business, deal with construction permits, register property, get credit and protect minority investors
- The reform of the Code of Commerce has been highlighted as the most noteworthy improvement made worldwide to minority investor protections in 2016/17
- Djibouti is the only economy in the Middle East and North Africa region on the most improved list
- Djibouti has climbed 17 places from last year’s ranking, to 154 in the world