Which are Africa's most competitive countries?

Which are Africa's most competitive countries?

Africa is full of brilliant, educated young people. Troublingly full.

The number of working-age people in the continent is expected to grow to 450 million over the next couple of decades. But Africa's engines of job creation aren't keeping up. If enough new positions aren't created by 2035, Africa may be sailing towards a crisis of youth unemployment.

According to the Africa Competitiveness Report 2017, published Thursday, African leaders have a choice. They can either put into effect structural reforms that improve people's livelihoods or allow current, not-quite-adequate constitutional policies to unravel towards inequality and civil unrest. 

The chart below, taken from the report, shows the rise in the number of working-age Africans since the 1950s, with the soaring red line plotting the expected rise in sub-Saharan numbers over the next 30 years. 

Sub-Saharan Africa in red

It's a dramatic demographic forecast. But what can Africa do to avoid it turning into disaster? Progress at raising competitiveness and productivity has been slow – yet without those two desirable traits, economies will struggle to provide more employment opportunities.

In fact, unless current policies change, there’ll only be a quarter of the required jobs by 2035.

The solution may lie in competitiveness, in pushing forward structural reforms that boost productivity, create jobs and determine how prosperous a country can become. This can be anything from affordable housing to clean water, better transport and sharper training initiatives – anything that helps people learn and connect and thrive.

So which countries are getting it right? Below is a list of the 10 best-performing African nations, as measured by the World Economic Forum's annual Global Competitiveness Report. Mauritius, South Africa and Rwanda come out on top.

First, a little perspective: although Mauritius ranks first among African countries, it is still only at No 45 in the global index, a sober nod towards Africa’s slowing productivity levels after a decade of sustained growth. If Mauritius consistently outperforms its continental peers, it’s because its leaders have removed the hurdles that prevent so many other countries from achieving prosperity; in this case, streamlining its goods market, building solid infrastructure and promoting a healthy workforce. 

South Africa and Rwanda also do well and have improved their global ranking since the last index was released in 2015. Their continued growth can be attributed to the uptake of technology, efficient financial markets and a focus on strengthening institutions.

These are just some of the factors that contribute to a country’s prosperity. But the most important are those that enable people to find employment, travel to work and carry out their jobs. If they can do that, then disaster is not only averted, it is turned inside out, into an economic revival that may yet sweep Africa to prosperity.

Africa Competitiveness Report 2017: read the full report here


Original Article By World Economic Forum on Africa 2017


Valeri Eremin

COO at African Green Developments (Pty) Ltd.

7 年

Yes. Very good prognosis. This is important. A government provide good education, free? No. A graduate have job, good salary and incentives, tax relief and...... No. This is not a kids intention. But most of them want to be IT, Software designers, lawyers, Economist, Consultants (doesn't matter what industry or business), Procurement agent. This is what ANC promoting! And huge opportunities for stilling. Many ways to do this. Many examples for them. Billions of Rand evaporated (like crudeoil National Reserve - R50 Billions) and no case, no investigation no Admin action. Minister lying to Parliament without any problem. No reaction. Why go to University and be no one, be beger with UNISA Diploma. Or Agriculture Engineer, same story. In our case, we offer Jobs, conditionally. You study, hands on, you pass exams, you have , 100%, job and growing opportunities. If kid is good, we can send him to any relevant University in the world. USSR model.

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