Cameroon and Bhutan have received an award as top economic reformers at the 2016 world investment forum held in Kenya’s capital, Nairobi.
The award, a joint initiative of the Global Entrepreneurship Research Network and the U.S Department of state, recognises Cameroon’s efforts for making it easier for entrepreneurs to register their businesses and comply with laws and regulations.
The two countries were handed the Global Enterprise Registration (GER.co) award from UNCTAD Secretary-General Mukhisa Kituyi and Ambassador Kurt Tong of the Department of State of the United States of America during the opening reception of the 2016 World Investment Forum in Nairobi.
A study by the Global Entrepreneurship Research Network says Cameroon emerged first out of the 17 members of the Organization for Harmonization of Business Law in Africa for its mybusiness.cm platform which makes it possible for companies to register their businesses online through one single form and payment.
The Global Entrepreneurship Research Network was created to simplify administrative procedures worldwide from business registration to its setting up.
“Transparent and simple procedures are key to investment facilitation. We encourage all countries to put their business processes online by 2019 and list them on GER.co.,” said the Director of the Division on Investment and Enterprise James Zhan.
Currently, only 29 countries have a single window while 130 countries have information portals. The foundation is encouraging all countries to put their businesses processes online by 2019.
Author: Gesture Chidhanguro