fbpx
Sunday, July 12, 2020

These are the 20 most Competitive Economies in Africa for 2019 – WEF

Must Read

Ancient Egypt And Their Bizarre Method Of Pregnancy Detection

In Ancient Egypt, women suspected of being pregnant were made to urinate on barley and wheat seeds as a form of a pregnancy test. If the barley grew, it was a boy. If the wheat grew, it was a girl. If none grew, she was not pregnant.

“And The First Human Was Named Baatsi” — The Creation Story of The Efe Pygmies of DR Congo

The efe pygmies of DR Congo believe that a god named Arebate created the world and is the supreme being. He is identified with the forest, since everything is dependent on it.

World’s Rarest Gorillas Spotted in Nigeria for the First Time in Years

For the first time in years, the wildlife Conservation Society (WCS) has captured images of group of rare gorillas with multiple infants in the mountains of southern Nigeria.



Mauritius has emerged again as Africa’s most competitive economy, according to the World Economic Forum (WEF), ahead of the three biggest economies on the continent.

These are the 20 most competitive economies in Africa for 2019

South Africa emerged second (60th position in the world) while Nigeria was ranked 16th (116th in the world) most competitive country in Africa with competitive ranking score 48.3.

WEF Global Competitiveness Index measures national competitiveness—defined as the set of institutions, policies, and factors that determine the level of productivity.

The latest Global Competitiveness Report paints a gloomy picture, yet it also shows that those countries with a holistic approach to socio-economic challenges, look set to get ahead in the race to the frontier. WEF said.

The report surveyed 13,000 business executives across the 141 economies covered of 61 points, highlighting deep uncertainty and lower confidence.

Below are the Top 20 most competitive economies in Africa for 2019.

Country Africa Rank World Rank Comp Score
Mauritius 1 52 64.3
South Africa 2 60 62.4
Morocco 3 75 60.0
Seychelles 4 76 59.6
Tunisia 5 87 56.4
Algeria 6 89 56.3
Botswana 7 91 55.5
Egypt 8 93 54.5
Namibia 9 94 54.5
Kenya 10 95 54.1
Rwanda 11 100 52.8
Ghana 12 111 51.2
Cape Verde 13 112 50.8
Senegal 14 113 49.7
Uganda 15 114 48.9
Nigeria 16 116 48.3
Tanzania 17 117 48.2
Ivory Coast 18 118 48.1
Gabon 19 119 47.5
Zambia 20 120 46.5

Methodology

The Global Competitiveness Report is a yearly report published by the World Economic Forum. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness Index, developed by Xavier Sala-i-Martin and Elsa V. Artadi.

Related:   Ancient Egypt And Their Bizarre Method Of Pregnancy Detection

The report “assesses the ability of countries to provide high levels of prosperity to their citizens”, and also how productively a country uses available resources.

The annual index ranks countries based on 12 pillars of Competitiveness listed below

1. Institutions
2. Appropriate infrastructure
3. Stable macroeconomic framework
4. Good health and primary education
5. Higher education and training
6. Efficient goods markets
7. Efficient labor markets
8. Developed financial markets
9. Ability to harness existing technology
10. Market size —both domestic and international
11. Production of new and different goods using the most sophisticated production processes
12. Innovation



Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Ancient Egypt And Their Bizarre Method Of Pregnancy Detection

In Ancient Egypt, women suspected of being pregnant were made to urinate on barley and wheat seeds as a form of a pregnancy test. If the barley grew, it was a boy. If the wheat grew, it was a girl. If none grew, she was not pregnant.

“And The First Human Was Named Baatsi” — The Creation Story of The Efe Pygmies of DR Congo

The efe pygmies of DR Congo believe that a god named Arebate created the world and is the supreme being. He is identified with the forest, since everything is dependent on it.

World’s Rarest Gorillas Spotted in Nigeria for the First Time in Years

For the first time in years, the wildlife Conservation Society (WCS) has captured images of group of rare gorillas with multiple infants in the mountains of southern Nigeria.

“The Aim is to Build” — France to Rename Streets After African World War 2 Heroes

France's armed forces ministry has provided local authorities with a 210-page booklet containing the names of 100 Africans who fought for France in World War Two, so that streets and squares may be named after them.

Javicia Leslie Becomes First Black Actress to Play Batwoman on TV

Javicia Leslie has become TV’s first black Batwoman. She is the new lead actress in the CW TV show’s second season. Leslie will play Ryan Wilder, a new character who will take over from Kate Kane.

More Articles Like This