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Uganda ‘most improved’ in trade, investment-friendly environment

Published on October 12, 2015

Uganda is the most improved economy in the East African region in terms of creating a conducive environment for trade and investment, according to the latest Global Competitiveness ranking.

Uganda, which ranked 115 (from 122 last year) of the 144 economies surveyed globally, was followed by Rwanda, whose economy improved from position 62 last year to 58, while Tanzania moved one position to rank 120 globally.

Although Burundi improved to position 136 this year from 139, it still ranked among the bottom five economies in the world.

Kenya, which slipped nine places to position 99, was said to have lost due to corruption and the sporadic insecurity that has kept away investors over the past three years. Read more. Source | The East African