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Malawi targets top 100 on doing business index

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The Malawi government expects the various reforms being implemented in the country to help Malawi break into the top 100 on the World Bank Doing Business rankings by 2017.

The 2015 World Bank assessment ranked Malawi on position 141 out of 189 countries on the ease of doing business. The 2015 ranking was an improvement from 164 where the country was placed in 2014, the first time in more than three years for Malawi to register a positive movement on the index.

Minister of Industry and Trade Joseph Mwanamvekha says the improvement is an indication that the reforms implemented by the government over the past years have started bearing fruits.

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He said the government has now set a target of getting the country into the top 100 by 2017.

“The target has been given to us by President Mutharika. As a ministry, we believe it is doable and we are going to achieve that,” said Mwanamvekha.

He said the year 2016 should be the best in terms of doing business as the government has already dealt with some of the bottlenecks that businesses have been experiencing in the country.

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He men tioned the review and enactment of the Insolvency Act, the Companies Act and the Credi t Refer ence Bureau Acts as some of the significant reforms undertaken by the Malawi government.

“These were some of the indicators that we wanted to deal with. With the other reforms that we have done and the marketing of Malawi that we did in 2015, we feel 2016 will be a much better year than 2015,” said Mwanamvekha.

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