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How easy is it to start a business in East Africa?


The easiest…
Probably, you already know the answer. Rwanda is the easiest place to start a business in the region, ranking at position 35 in the World Bank’s Ease of Doing Business.
It takes less than a day to obtain an electronic signature from the Rwanda Development Board. The e-signature contains the user name and password which are used to log into the system for the registration process.
Once the account is set up, a registration number is generated to enable users to proceed to online registration. This registration number is also the tax identification number (TIN) and VAT number of the company. ....

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India's new industrial policy doomed to fail, to cost the country billions


One of Narendra Modi’s first promises when elected India’s prime minister in 2014 was to revive the country’s manufacturing sector. India had been de-industrializing since the early part of the century and policy makers correctly argued that only mass manufacturing could create enough jobs for a workforce growing by a million young people a month.
In his first major speech as prime minister, Modi invited the world to help: “I want to appeal all the people world over [sic], ‘Come, make in India,’ ‘Come, manufacture in India.’ Sell in any country of the world but manufacture here.”
The “Make in India” slogan quickly developed into a full-fledged government program, complete with a snazzy symbol a striding lion made out of meshed gears. Government officials spoke at length about increasing foreign direct investment and improving the business climate to attract multinational companies. Careful targeting of the World Bank’s Ease of Doing Business in ....

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