World

Carrying out Business in East Africa is Becoming Easy; Rwanda Scores Top 50 Position in the World Rankings

Published

5 years ago

May 13, 2020

African countries are seldom countries that are easy to do business in. But in recent years, these East African countries have put in the effort and made reforms to make a conducive market for foreign investment. That’s why Mauritius and Rwanda are the only countries in the top 50 of the World Bank Ease of Doing Business Ranking.

However, this year Rwanda has dropped in the World Bank Ease of Doing Business 2020 ranking. It slipped from position 29 to 38. Rwanda scored 76.5 after scoring 77.88 last year. However, Mauritius occupies the 13th position in the World Bank Ease of Doing Business Ranking.

Rwanda has dropped in its ranking for the first time in 3 years. But that isn’t stopping the country from making reforms. Other African Countries are also following the lead of Mauritius and Rwanda. Kenya improved in its position this year and jumped to rank 56 from 62. While Uganda rose to position 116 from 127, Tanzania is at 141. And Burundi was at 166 this year.

To make the country attractive to foreign investors, Rwanda has made many reforms in the past years. It has exempted small and medium companies from the trading license tax. It has also let businesses obtain liability insurance on buildings. And many official translators have also come in business, who are able to provide Swahili translation of the foreign documents with much ease, Swahili being one of the official languages of the region.

The country has improved the reliability of the power supply by upgrading its power grid infrastructure. It has also changed the regulations for workers, by pertaining to weekly rest and being flexible about the working hours. They have also decided on the severance payments and reemployment priority rules after redundancy dismissals.

All these steps have made Rwanda a better place for foreign investors. Though the country isn’t in the top position, like New Zealand, Singapore, and China, it is still making its way.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

8 hours ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.