Top performers. It ranks 141 countries’ strengths and weaknesses on 81 indicators including institutions, human capital, infrastructure, market sophistication, business sophistication, knowledge and technology outputs and creative outputs. In 2006, South Africa’s Public Investment Commission (PIC) announced plans to create a continent-wide, 25-year equity fund to mobilise local and international investment for infrastructure development in Africa. These are the 10 most innovative countries in Africa, along with their overall global rankings out of 141. BRICS Business Magazine has analyzed some key rankings, identifying the leaders and outsiders among African countries based on a whole variety of parameters – from happiness to GDP. Strategies to address the infrastructure deficit should be implemented without delay. We look at some of the globally recognized records…, Mozambique is a country marred by a history of bit…, Shop smart for your loved one with these 4 Christm…, The most popular safari destinations in Tanzania a…, The mega-profits generated by the slave trade gave…, Check them and rest assured that you would not reg…, Firms can tweak their offerings and improve the cl…, Make sure players are perfectly equipped to make a…, Essential factors in selecting the ideal custom pa…, Follow it to help you determine if you have a case…, You’re here because you want to know what works in…. After defeating the might of Muammar Gaddafi’s regi… At the time of its independence, it was on record to be one of the poorest counties in the world. As you can see from the list, the highest developing countries are not the wealthiest countries on the continent. … The list recognizes countries that have made tangible progress in putting measures in place to improve human development, provide infrastructure and create an enabling environment for businesses to strive. Telecom development in Africa is among the worst in the developing world (Kerf and Smith 1996). The government has managed to use the revenue from tourism to move its population of approximately 95,500 (2018) towards upper-middle-income earners. One of the strictest junta governments in the world is in power in Myanmar. Deep Knowledge Group. Copyright © The African Exponent. The majority of web traffic in leading digital markets in Africa … Drop your comments below. They have therefore traditio-nally focused on improving infrastructure to attract visi-tors. This also means that the country is way ahead of Ecuador, Bahrain, Qatar and Great Britain which all scored a 5.1. There is still significant room for improvement in the African continent for growth. Studies suggest that the growing dependence on externally funded infrastructure in African countries arises from enormous need and low private investment. South Africa is placed third among the BRICS economies. Seychelles drives its economy through tourism and has managed to maintain considerable growth within the last decade. Global Infrastructure Outlook: Infrastructure Investment Need in the Compact with Africa Countries, finds that US$2.4 trillion of investment is required in 10 countries by 2040 if they are to keep pace with economic growth and close infrastructure gaps. Nominal GDP in billion dollars = 408.61. The country is ranked 72nd globally for best countries to do business in worldwide. The government’s monopolisation of Myanmar’s financial capital and resources has resulte… Libya has an active military comprising of 76,000 personnel, 400 tanks and 46 aircraft. The record reflects the level of effort the government has invested in infrastructural development. Are you impressed, have any concerns, or think we can improve this article? Copyright © The African Exponent. The top winners in terms of rankings: and improvement in infrastructure development, as captured by Mali gained 9 positions (owing to fast ICT growth), followed by Kenya and Mauritania (5 positions due to ICT and transportation Here are the Top 10 Most Developed Nations in Africa 2020. African nations populate the worst countries for business with seven of the bottom 10 ( Haiti is the weakest among non-African countries). It has maintained an average of 5% growth per annum over the last decade. The publication has ranked the ten most developed countries in Africa in 2020 using these yardsticks. African countries comprise at least half of the top 15 most-affected countries in each category of infrastructure disruption. Header Image Credit: Road Safety Toolkit - iRAP, Publish your own articles by creating your blog on The African Exponent. In order to revive the economy, the government of Liberia is gearing efforts towards using modernized technology in improving the agricultural sector. A new report released today by the Global Infrastructure Hub, a G20 initiative, has revealed an infrastructure investment gap of US$1 trillion in 10 Compact with Africa [1] countries over the next 22 years. Angola made the 148th spot making in the country with the worst infrastructure overall. Nigeria, Africa’s giant was ranked 15th best in Africa and 110th in the world. Log in or create an account to add articles to your saved articles list. Its citizens have limited access to power, electricity and… The country is one of the world’s largest exporters of gold and platinum; this has helped it developed key sectors remarkably. Approximately 60% of the continent’s ... systems in African countries could help redirect about Algeria, also in North Africa, is among the top three countries for infrastructure in Africa. Of the 144 countries ranked, 38 are African economies, and only South Africa, Mauritius, Rwanda and Morocco feature in the top half. Electricity demand in Africa today is 700 terawatt-hours (TWh), with the North African economies and South Africa accounting for over 70% of the total. Currently, Liberia … It was after the first Libyan civil war in 2011 that these armed bodies were formed. Tunisia’s economy depends on tourism, agriculture, and electrical/mechanical exportation. Every year, the United Nations Development Program releases a special report which outlines indices and indicators of human development; the aim is to update these parameters for accurate ranking. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The next-strongest performers are Egypt, Seychelles, Morocco, and Tunisia. However, the country continues to battle a weak healthcare system and unemployment. Having become an independent country only in 2011, Sudan is one of the world's youngest countries. Rwanda recently emerged in the top 30 countries of the World Bank’s Doing Business Report in 2019 for the first time with a remarkable score of 77.88. Yet, in no time, it became a model of development success in the African continent. The HDI is quantified using healthcare, education, and life expectancy as benchmarks. In ranking the countries, the Global Competitive Report index tracks the performance of approximately 140 countries on 12 pillars of competitiveness, including the quality of road infrastructure development, maintenance and urban-rural balance. Source: GCI (2017) In terms of overall infrastructure performance Mauritius, Seychelles and Morocco are rated the top African countries. The government has managed to use the revenue from tourism to move its population of approximately 95,500 (2018) towards upper-middle-income earners. Namibia was ranked first on the 2018 Road Quality Index for Africa and this did not come as a surprise to many who know the country well. The bottom ten countries in the rankings are Central African Republic, Madagascar, Sierra Leone, Ethiopia, Broadly speaking, the literacy rate is a tool that may be used in evaluating various countries’ academic standards based on the population of educated people. Africa is continuing to receive a high level of interest as an investment destination from investors from across the globe including Africa, the US, the EU and the BRIC (Brazil, Russia, India and China)countries. It showcases the drivers for success, the current thinking and challenges stakeholders are experiencing within the region. US $3.6bn has been invested in Kenya’s clean energy from 2009 – 2014. Africa consists of 59 different countries with a total surface of 30 million km². The primary reason is the peculiarity of the African continent in comparison with Europe, Asia, and America. But even with the massive investments and projects, it is clear electricity production will need to grow at a faster rate as demand grows. There is a very strong relationship between a country's economic development and the quality of its road network. The main challenge remains to boot the private sector to encourage job creation for the rising younger generation. The African continent is rich in natural resources. Meanwhile, this ranking is clearly based on the African countries with the highest literacy rates. As of December 2019, Nigeria had more than 126 million internet users. Mauritius has managed to improve significantly and stabilize its economy since gaining independence in 1968. A tour company in Namibia proudly wrote on its brochure that the roads in Namibia are a tourist attraction on their own. The other African countries to make the top 50 in the world are South Africa and Rwanda which were both ties on 5.0 each, with Mauritius follows closely with a score of 4.7. It also has some of the world's least developed infrastructure. A land-locked country in sub-Saharan Africa, Zambia is home to 14 million people and surrounded by other countries on this list: the Democratic Republic of Congo, Angola, and Zimbabwe. However, experts claim that the country needs to reduce its dependency on tourism and explore other business and investment opportunities. The East African country has one of the highest bitcoin trading volumes in Africa. However, poverty remains a significant threat to the countries progress as millions of people remain affected by the many years of conflict. The publication has ranked the ten most developed countries in Africa in 2020 using these yardsticks. The graph shows a ranking of countries according to the quality of their infrastructure in 2018. South Africa is the top ranked country in Africa in terms of competitiveness, and is ranked 52 nd out of the 144 economies surveyed, down two points from 50 th place last year. The country’s economy relies on mining, construction and service sectors. At the end of 2015, Tunisia had a Human Development Index value of 0.725. Publish your own articles by creating your blog on The African Exponent. The country’s power supply is extremely poor and basic services like Wi-Fi are limited to the 5-star hotels. Nigeria, Africa’s giant was ranked 15th best in Africa and 110th in the world. All rights reserved. Africa is continuing to receive a high level of interest as an investment destination from investors from across the globe including Africa, the US, the EU and the BRIC (Brazil, Russia, India and China)countries. It far outstrips the other most integrated countries. According to Dr. El Messaoudi, Africa should develop its infrastructure and promote security and democracy, in addition to adopting modern marketing strategies based on leading research centers in the field. So the growth trend in African infrastructure is far from over, and several countries have already announced significant additional spending. Roads play a very important role in connecting people and contribute in an immense way to the economic growth of a country. North and southern Africa also featured highly –not surprising, since they’re home to some of Africa’s biggest, most diversified economies. The AIFP will be a six-month capability building program that will give participants a robust understanding of procurement, governance and the role of the private sector in infrastructure projects. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Moreover, roads aid businesses and travel, which in turn spur economic growth. However, many critics have continued to accuse the long-serving government of President Paul Kagame of human rights abuse and oppression of the press and opposition. Without proper infrastructure, goods will not reach their destination in the time leading to economic loss. The country is noted to be the first country in Africa to have the best roads. Namibia scored an impressive 5.2 out of a score of 7 to be ranked the best in Africa. Highlighting the different stages of development and uniqueness of each country, the report provides insights into the world of infrastructure delivery across African countries and regions in sub-Saharan Africa (SSA). Countries With the Best Infrastructure The WEF defines competitiveness as the “set of institutions, policies, and factors that determine the level of productivity of a country. Much of the country's infrastructure was damaged and neglected during Angola's long civil war. Namibia scored an impressive 5.2 out of a score of 7 to be ranked the best in Africa. Africa consists of 59 different countries with a total surface of 30 million km². A Citibank research in December 2017 ranked Kenya among countries with the largest bitcoin holdings worth $1.63 billion, approximately 2.3 percent of the GDP.. However, experts claim that the country needs to reduce its dependency on tourism and explore other business and investment opportunities. This study uses data on twenty-four African countries to provide a critical assessment of the state of basic telecom infrastructure in Africa within an economic and institutional framework. The country has also made a record 52 reforms in the last decade, which has brought significant improvements in human and capital development. GDP is the total of value added by all residents in the economy; product taxes added, and subsidies subtracted. Yet it is the other sub-Saharan Africa countries that see the fastest growth to 2040. The Global Competitiveness report that is put out by WEF ranks 137 countries on a scale where 7 points is the highest. PIC includes the Government Employees Pension Fund and has around R600-billion in assets under management, making this the largest fund-management initiative in the country. The World Economic Forum ranked Tunisia as the most competitive country in Africa in 2009. South Africa is experiencing a steady rise in tourism. With 6.5 million international tourists, South Africa appears as the first destination of the African continent by 18% of international arrivals in Africa. Export of goods and services, improvements in foreign exchange reserves and a more dynamic tourism sector have contributed significantly to the development in Egypt. In these 59 countries are living 1.31 billion people (= 17.0% of the world's population). Though the country has a significant volume of mineral resources and sufficient quantities of arable land, it ranks 187th out of 188 nations in the human development ranking. The beauty of the countryside, the magnificent exteriors, the sunny climate, the cultural diversity – all of these reasons ha… List of African countries by Human Development Index Africa rank Global rank Country HDI … But which countries in Africa have the best road networks? Third, infrastructure financing should be more meticulously designed and implemented by African countries to avoid bad deals that substantially increase debts … Do you agree with this list? When it comes to clean energy specifically, Kenya is ranked second to South Africa in clean energy investment in the continent and sixth globally. Some of its 54 countries boast resources like diamonds, sugar, gold, uranium, silver, oil and petroleum. African nations populate the worst countries for business with seven of the bottom 10 ( Haiti is the weakest among non-African countries). five countries are in North Africa, and three are Small Is-land countries where tourism constitutes an important sector of their economies. When ranking African nations in terms of development, it will be evil to use the same parameters used in ranking countries in continents like Europe, Asia, and America. 99% of residents have electricity, 97% have piped water and 95% have sewerage -- … Its isolation from the outside world has left the country in a dire situation, the Southeast Asian nation ranking among the 30 poorest nations in the world. This article presents the Top 10 Countries with the Best Education Systems in Africa. South Africa is still reaping the benefits of the 2010 World Cup, with several sports stadiums that can host significant entertainment events. Also, upper-middle-income has experienced healthy development over the past decade. Read more. 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Are you impressed, have any concerns, or think we can improve this article? The coastlines in and around Africa altogether have a lentgh of 41,184 km. 22 Limited by insufficient transportation infrastructure, regional trade in sub-Saharan Africa remains low, constituting only 20 percent of total trade in 2016. The list recognizes countries that have made tangible progress in putting measures in place to improve human development, provide infrastructure and create an enabling environment for businesses to strive. Gabon has made remarkable improvements within the last decade.
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