Thursday, May 5, 2011

Uganda named worst country for business

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BY PATRICK KAGENDA

Uganda is the second worst country after Burundi to do business in East Africa, according to the Africa Competitiveness Report 2010-2011.
The report released yesterday at the World Economic Forum in Pretoria, South Africa, shows that East Africa’s third largest economy slipped 6 places to number 118, down from 108th position in the 2009-2010 rankings.

At the core of the country’s deteriorating business environment is poor infrastructure, lack of innovation, poor

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