LILONGWE (Malawi NewsNow) –Malawi has improved in the 2016 World Bank Doing Business Index from position 164 to 141 out of 189 economies.
This is the first time for Malawi in more than three years to register an improvement on the doing business index.
Minister of Trade and Industry Joseph Mwanamvekha described the development as a step in the right direction for Malawi.
“It is our wish as government to be in the top 100 of the best countries in making environment conducive for doing business in the country,” he said.
The minister also attributed the improvement to the reforms currently implemented by government including reducing the number of days needed to register a business and improving the handling of business related cases.
Malawi registered a score of 51.03 to move 23 places up the doing business index.