Thursday, 9 October 2008

Global Competitiveness Report shows encouraging progress for Africa

The World Economic Forum’s Global Competitiveness Report, released on the 8th October adds to the picture of an improving climate for business in Africa.  In sub-Saharan Africa, South Africa (45), Botswana (56) and Mauritius (57) feature in the top half of the rankings, with several countries from the region measurably improving their competitiveness. Côte d’Ivoire (110), Ghana (102) and Malawi (119) join this year’s ranking for the first time.

The United States tops the rankings, followed by Switzerland, Denmark, Sweden and Singapore.

The survey is designed to capture a broad range of factors affecting an economy’s business climate. The report also includes comprehensive listings of the main strengths and weaknesses of countries, making it possible to identify key priorities for policy reform.

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