Review shows Rwanda at par with Kenya on policy reforms

NAIROBI: Kenya is likely to further lose its clout as an ideal investment destination in the region. This is after a World Bank review indicated that Rwanda now shares the same position with Kenya on policy reforms aimed at spurring growth.

The improvement touches on policy and institutional reforms which support growth and reduce poverty in Africa. According to the World Bank's latest Country Policy and Institutional Assessment (CPIA) Africa report, the two countries scored an average 3.8 out of six. "More policy reforms lifted Rwanda's CPIA score to 3.9, putting it at the top of the CPIA list alongside Cabo Verde and Kenya," the report indicates. The review dissects progress made in improving the overall quality of government policies and institutions to spur better development outcomes.