RPSF hires South African firm for business climate improvement drive
BY GEORGE KAGAME
The Rwanda Private Sector Federation has hired a South African firm to carryout a Business Climate Survey across the country, as Rwanda makes reforms to improve private sector growth and development.
Speaking exclusively to The New Times, John Bosco Kanyangoga the Director in charge of Advocacy and Institutional Relations said; “we want to study the current challenges to investors throughout the country and propose recommendations to government.”
Kanyangoga said RPSF is also researching separately about the cost of government bureaucracy to private investors, he said the ‘come tomorrow’ attitude among government officials had cost the economy as investors were scared by figures of international institutions like the World Ban.
In their highly influential ‘Doing Business Index Report’, Rwanda comes 158 out of 175 countries surveyed in setting up policies to encourage investments among citizens. Singapore is at the top as being the country that easily encourages investments because of their convenient policies.
The government has continually emphasized its commitment to improving the investment climate in the country so that Rwandans can increase private sector development, in 2007, the government hired an international policy research institution The Policy Practice to advise government in policies it will adopt if Rwandan wants to attract foreign investors.
John Rwangomba the Secretary General in the Ministry of Finance and Economic planning ands Secretary to the Treasury said since 2007; “government has undertaken several reforms to achieve better performance in the doing business index so as we can attract more investors in the country.”
Kanyangoga said private investors have continually cited high tax charges, a comparatively higher cost of transport as the factors that makes Rwanda “business unfriendly, the time spent in acquiring licensing documents as bottlenecks to investing here.”
The Business Climate survey is cosponsored by German Technical Cooperation GTZ and RPSF.
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