The World bank report on business index has ranked the country on 133 from the previous position of 141 among 190 countries on the globe.
According to the report Malawi’s easiness of doing business has improved with eight steps in the world.
The Doing Business report which has seen New Zealand being on top and Somalia taking the last position gives hope to investors who may wish to have presence on the land.
Malawi’s Minster of Industry, Trade and Tourism Joseph Mwanamvekha has since applauded the development saying it will help to bring more investors into the country.
“The ranking makes Malawi a better state for business, people will have confidence to have investments” said Mwanamvekha .
The reports presents results for two aggregate mean that ensures the distance to frontier score and the ease of doing business ranking, which is based on the distance to frontier score.
The ease of doing business ranking compares economies with one another, the distance to frontier score benchmarks economies with respect to regulatory best practice, showing the absolute distance to the best performance on each Doing Business indicator.
Evn thou but plz ESCOM .and water board they must be serious with their works including those laws that blocks business they must b sweept away.here in malawi as am eye witness life is not sweet at all this year,their for whats the results??????
Still the poor remain poorer .Shame
Making strides kkkkkklkk , could be true just becouse I don’t know the figures
world bank?????.
Don’t trust these world bank guys. Today they paint us white, tomorrow we are red painted etc. They said we are the poorest and the next morning you have robbed 500+billion. if we are the poorest where did we rob the money? umaba palibepo? we are suffering here and you mock us of health business what do you use to rank the countries? beware of malawexit of world bank. Extend this message to your cousin IMF who is just delaying us waiting and hearing that will not help us. Tired of these!
Don’t change the subject here, Malawi the poorest country, why?
Mbuzi inu palibe chomwe mungapange
kkkk quiet promising