Malawi has moved by 23 places in the doing business rankings released by the World Bank.
According to Doing Business 2018 Reforming to Create Jobs, Malawi has jumped from position 133 last year to 110 this year.
The report says Malawi is one of the ten countries that have improved the most this year after implementing 53 regulatory reforms that have made doing business easier.
In his remarks, Minister of Trade and Tourism Joseph Mwanamvekha said the new ranking shows that the country is doing well in terms of economy.
Mwanamvekha added that it is as well showing that investors can invest in Malawi without challenges.
On his part, country manager for World Bank in Malawi Greg Toulmin commended Malawi saying it has a made a big jump this year which he said is very good sign of improvement.
He therefore asked the current government to continue working hard in order to keep on improving its ranking on doing business.
The Bank’s Practice Manager Africa Catherine Masinde advised the country not to settle with what it has achieved but rather to keep on reforming and improving the reforms.
She also asked the government to focus on indicators which can boost the country’s economy such as customs more especially across the border.
A record number of 83 reforms, making it easier to do business, were implemented in 36 of 48 economic Sub- Saharan Africa in the past year and was the largest number of reforms ever recorded which represents 31 percent of all reforms implemented by countries considered for the doing business report in any region.
The report measures 190 economies worldwide.
We did a good job as private sector. We took government head on, on policies regarding barriers to trade and private sector development.
What kind of business
malawi citizens are suffering .you sold our country to Indians Zi Amwenye zikuba zikuzumza mzika .if I may ask how many shops and companies are operated by malawians? stop yelling and giving out wrong statistics. we want our country back.
Peza chochita apo bii utuwa aise.ukufuna boma likumangile chop,sizithekatu zimenezo.peza chochita
bro I am much better than u.financially,social just to mention afew.if you see me crying is none other my country. siine oombela mmanja kapena ozola paint ya blue ngati iwe ayi.
Siziphula kanthu
Kodi magetsi kwanu sakumayaka? Kwathu daily amayakatu samukani bwerani kuno.
Business ya Mangoe kapena tomatoe???
Which Malawi? Oh! Blood!
What procedure do Malawians follow to climb the business ladder yet there is no president in Malawi?
Irony
The only smartest way for the growing Malawian population is to get busy in entrepreneur, government has to get involved rending its citizens capitals
Wat a joke…it must be Mali not Malawi
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Mohamed K Ghoneim
Great, we are entrepreneurs and thats a good development
These so called rankings are a joke. There is no electricity in Malawi, how in the world does anyone do business in the dark or without power? Malawi should have been down 50 places, not up.
Business kapena geni?
If someone is sleeping give him more Blankets so that he should not wake up…..
I miss nice food