Official statistics underestimate total trade between Benin and Nigeria by 50% for imports, and by about 85% for exports.
A new customs management system means time of transit from Mombasa to Uganda has dropped from 21 days to just 4 days, boosting market competitiveness and lowering the cost of doing business.
Streamlining logistics and clearance is an existential issue for landlocked countries, but the coastal countries have the “luxury” of dysfunction.
The index looks at the overarching regulatory and security environment impacting the transport business in the country; on this measure, Tunisia, Morocco and Mauritius are the most conducive in Africa.
The Index measures economic freedom from a “free markets” angle, with four main pillars – rule of law, limited government, regulatory efficiency and open markets. On these measures, Uganda is a surprisingly high performer