{{Uganda has moved three steps forward in the 2013 “Doing Business Report”, placing the country in a safer investment position.}}
The country moved from position 123 to position 120 out of 182 surveyed countries, according to the 2013 Doing Business report conducted by the World Bank and International Finance Corporation.
Last year the same report had placed Uganda at position 123 out of the 182 economies surveyed.
The report which is produced annually looks at the various reforms countries are making in regard to regulatory frameworks in boosting the investment climate.
Uganda according to the report has in the last 12 months managed to make reforms in its business regulation.
The report shows that an investor in Uganda will go through 15 procedures compared to other countries like Rwanda which only takes two procedures.
Rwanda was ranked at position 114 in global ranking. However the country still remains among the 10 top global reformers in business.
Kenya was ranked at position 121 with a number of reforms registered whereas Tanzania stands at position 134 and Burundi at position 159.
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