Ethiopia Working to Improve Ease of Doing Business

Addis Ababa May 7/2011 Ethiopia has started taking concrete measures to improve ease of doing business on the ten key indicators.

As part of this effort, ease of doing business workshop was conducted at Sheraton Addis today.

Senior government officials briefed the status of their respective efforts to about one hundred persons drawn from the private sector and other stakeholders.

Investment Commissioner Abebe Abebayehu said on the occasion the measures taken by the public offices on the ten indicators during the past four months have big role to ease of doing business in the country.

These measures, when implemented alongside the national reform, will help the engagement of  the private sector by saving time and cost as well as cutting the bureaucratic red tape, he added.

The ten key indicators in improving Ethiopia’s ease of doing business ratings focus on starting business, construction permits, getting registered property, getting electricity, getting credit, paying taxes, trading across borders, resolving insolvency, protecting minority rights and enforcing contracts.

Ethiopia was ranked 159 among 190 economies in the ease of doing business in 2018, reaching an all time high of 161 in 2017 and a record low of 104 in 2010.

The commission is reportedly working to improve ease of doing business in cooperation with the World Bank, it was learned.