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2015 Doing Business report – slight improvement as Seychelles climbs two places

30 November 2014
Seychelles has been ranked 85th out of 189 countries in the World Bank’s 2015 Doing Business Report, climbing an effective two places. A change in the way the scores are calculated meant that the latest scores could not be compared to the previous year’s, which led to the World Bank re-calculating all the scores from the 2014 Doing Business report for comparison purposes. Although the Seychelles was in 80th place last year, the recalculations placed the tiny Indian Ocean archipelago with its population of 90,000 further down in 87th place, with a total score of 62.05 out of 100.
 
Seychelles’ 85th position places the archipelago sixth in the Sub Saharan Africa region. First in the region is the neighbouring Indian Ocean island of Mauritius, which is ranked 28th globally, while South Africa (43rd) and Rwanda (46th) are second and third respectively in the region. The 2015 Doing Business Report once again ranks Singapore in first position as the country with the most favorable business environment in the world, unchanged from last year’s position. Seychelles’ 2015 score of 63.16 percent has bumped it up by two places to 85th in comparison to the re-calculated 2014 score. The annual Doing Business report, now in its 12th edition, measures the ease of doing business based on the regulations and corresponding red tape surrounding starting a business and trading in each of the 189 countries it assesses.
 
www.seychellesnewsagency.com

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