Doing Business: Cameroon wants to emulate Togo's efforts to improve its ranking

Economic governance
Wednesday, 11 December 2019 14:01
Doing Business: Cameroon wants to emulate Togo's efforts to improve its ranking

(Togo First) - Cameroon wants to learn from Togo and Côte d'Ivoire to improve its ranking, relative to the business climate, on the next Doing Business report. The two countries the central African nation wishes to emulate were respectively first and second on this ranking in the Franc Zone. 

Cameroon's decision was reported in a statement from the National Employers' Association - GICAM. The latter assessed and compared performances of Central African and West African countries (in the latest DB report), in the Franc Zone. In the process, the association found that creating a business in Cameroon takes five days longer than in Togo. Also, it costs eight times more than in Côte d'Ivoire. 

Worldwide, Lomé gained 40 places in the latest Doing Business report. It also became this year the 15th country where starting a business is the easiest (from 84th the year before). 

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