The World Bank ranks Morocco first in North Africa and second in Africa in terms of business environment

The World Bank ranks Morocco first in North Africa and second in Africa in terms of business environment

The World Bank ranked Morocco first among North African countries in terms of its business environment, placing it second on the African continent, behind Rwanda. Notably, no other North African country made the top ten African countries for ease of doing business. According to Business Insider, this ranking is based on the World Bank's "B-READY 2025" report, which assessed the performance of 101 economies worldwide based on three key pillars: the regulatory framework, the quality of public services, and operational efficiency. The report also tracked various stages of a business's lifecycle, from establishment to expansion and growth. The report's data shows that Morocco excelled in the regulatory framework indicator, scoring 70.06 points. According to the World Bank, this reflects the strength of the laws and public policies adopted in the areas of business creation, investment promotion, and market competition, enabling Morocco to lead North African countries i…