The World Bank has released its annual ranking of the ease of doing business in 178 economies. The newly released Doing Business 2008 Project “provides objective measures of business regulations and their enforcement across 178 countries. The team works closely with thousands of professionals around the world”. While the report gives a worldwide view on where to do business within various categories including starting a business, registering property, and enforcing contracts, of particular interest are the economies which continue to rise by offering new incentives and steamlining business processes. Of the top 10 reformed economies for 2006/07, three African countries - Egypt, Ghana, and Kenya - show some serious potential. This is particularly good news for Ghana as it will attempt to raise $750m on the international market this Thursday by having the “first ever listing of Ghana’s sovereign bonds on the international capital market”. With a one week listing on the London Stock Exchange beginning Thursday, September 27th, Ghana will be only the second sub-Saharan African nation, after South Africa, to be allowed to issue bonds on the international market as a means of raising funds to finance national projects.
The Doing Business 2008 Report is a great starting point for individuals and companies looking to spread their wings and enter one of the many attractive emerging African markets. The Doing Business website offers in depth explanations as well as an interactive chart where users can specify their region of interest and sort data by business concerns.
About the Author:
For more information about G. Kofi Annan, to read his blog, or to see the projects he is a part of visit his website, Annansi Chronicles. To see his clothing line, visit Annansi Clothing.
To learn more about this author, visit G Kofi Annan's Website.
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G Kofi Annan
(Visit G Kofi's Website)
G. Kofi Annan is a Ghanaian creative
director and strategist (cultural trends,
marketing, branding) who specializes in
the emerging African market. He is the
principal of Annansi
LLC, a boutique consultancy which
bridges the gap between the African market
and the global community. Annansi LLC
produces both Annansi Chronicles and Ann
ansi Clothing Co., a premium
streetwear apparel line.
Kofi is an active board member of the
African Film Commission, and has appeared
and been quoted in influential media
outlets including Reuters,
FastCompany.com, Inc. Magazine, PSFK.com,
i-D Magazine, The Source Magazine,
Complex.com, VH1, and BET. He is currently
researching a book on the relationship
between Africa’s brand image and foreign
investments.
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