* 16 West African countries amend business and lending regulations to draw thousands of entrepreneurs into the formal economy.
* $250 million in credit expected to become available to the private sector
* Female entrepreneurs may be the most likely to benefit from the new rules
West African countries have some of the biggest barriers and constraints to private business in the world, according to an international ranking. But recent changes to business laws in the region may help pave the way for a more entrepreneurial future, say observers.
A bloc of 16 (soon to be 17) countries is moving to increase access to credit and reduce hurdles to business startup in an effort to improve the overall business climate.
See full Press Release.
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