ZANZIBAR BUSINESS ENABLING ENVIRONMENT 2021
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Date
2021
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Abstract
The report of Zanzibar Business Enabling Environment is a self-assessment conducted
in 2021 to analyses regulatory performance affecting life cycle of business firms and
entrepreneurs in Zanzibar domestic economy. The assessment shows that Zanzibar
ranked 94 out of 191 economies by scoring 63.2 points comparing with best performance,
notable improvement, easier to do business and island economies. According to the score
it implies that Zanzibar can be accumulated in the easier to do business economies as it
has been undertaking major reforms in improving environment of Doing Business. The
analysis for general results further showing that Getting electricity, Investment Climate,
Starting a business, and enforcing contracts ranked the best performances indicators
in overall assessment. These indicators performed better due to reforms undertaken
including minimum procedures, time, and transparency of information, efficiency and
reliability of obtaining such services. The regulatory practices relating to Protecting
minority investors, Getting Credit Dealing with construction permit, connecting to
water and licensing are improving on the on ease of doing business while Trading
across border, registering property and Trade Remedies are the lowest performance
indicators on Enabling Business Environment of Zanzibar. The inadequate performance
of these regulatory practices caused by too many administrative procedures and time
consuming for registering of property, congestion at the port and lack of properly legal
framework for trade remedies.