Friday, April 13, 2012

Doing Business in the E. African Community 2012

Kenya leads EAC in judicial reforms
Kenya leads its East African neighbours in the race to reform national judicial systems and make them friendlier to business community, a new report shows

The report by the World Bank and International Finance Corporation, its private arm titled, Doing Business in EAC (East Africa Community) 2012, released on Wednesday cites the “case track” system introduced by the Judiciary last year among the outstanding improvements in the region

The system categorises cases as ‘small claims’, ‘fast track’ or ‘multi-track’ with each group being allocated resources strategically to avoid delays in commercial disputes.
Read more at source: www.businessdailyafrica.com
Report Overview
2010/11 saw improvements to the business environment in all five economies making up the East African Community (EAC) — that is, Burundi, Kenya, Rwanda, Tanzania and Uganda. The EAC saw its 5 governments implement a total of 10 regulatory reforms last year to improve the business environment for local businesses and encourage entrepreneurship in the region. Continuous improvement of the business environment is important for economies seeking to benefit from increased trade and investment through regional integration.
East Africa Community
Read more: www.doingbusiness.org

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