Uganda: World Bank report raps new licence fees

Uganda ranks lower than Rwanda and Kenya in putting in place reforms to facilitate doing business, putting the country at risk of losing investments to its neighbours, which would negatively impact employment, the tax base and general economic growth. That is according to the latest Ease of Doing Business Report 2010 released by the World Bank Group in September. The report ranks countries basing on ten parameters, including business procedures, time required, extent of flexibility and financial cost of starting a business. The other parameters are dealing with construction permits, registering property, getting credit, protecting investors, trading across borders, enforcing contracts and closing a business.