Despite all odds, Cameroon still rises and wins the 18th place among the most competitive countries in Africa; out of a list of 38 African countries. This was featured in the fifth edition of the Report on the Competitiveness of Africa. The study conducted which led to this astonishing result was published on 04 June 2015, and launched in Cape Town, South Africa, during the holding of the World Economic Forum for Africa between the 2nd to the 5th June.
The ranking results presented in this year's Report on the Competitiveness of Africa between 2014-2015, under the theme " transforming African economies" , was based on data from the Forum's Global Competitiveness Index (MHI) of the Forum, mostly known as the " Global Competitiveness Index " ( GCI). This index considered the performance of 144 countries globally this year , of which Cameroon regresses in the rankings globally; 116th in 2015, he lost one place compared to the ICM 2013 to 2014 where he held the 115th place and four places compared to CIM 2012-2013 where he was 112th of 144 countries. According to this report, Cameroon' economy comprises of the followings: services (49.3% ), industry (31% ) and agriculture (19.7%).
"The African minority" as I will normally call it; is ahead of countries like Nigeria (27th in Africa and 127th in CIM ), Egypt (20th in Africa and 119th in the ICM ) not to forget Angola ( 35th in Africa and 140th in ICM) . Mauritius (1st in Africa and 39th globally ) acts as the best student of the continent. This state located in the Indian Ocean gained six places compared to the previous edition , where he was 45th . The firm ranked in Guinea lying 38th of 38 countries in Africa and 144th / 144 countries worldwide , behind Chad ( 143rd in Africa and 37th globally ) . In Central Africa, the CEMAC region, Gabon gains the highest ranking (12th in Africa and 106th in the world ranking).
I am sure after reading the first paragraph above, you will be wondering how did Cameroon manage to find itself at a higher ranking...? well here are the facts. In the Competitiveness Report 2014-2015 of Africa, the report commended Cameroon for their latest reforms in the public institutions field. The number of procedures to start a business in Cameroon is the key indicator of its highest ranking ( 32nd out of 144 countries globally). Among the most worrying factors raised in Cameroon where: corruption, access to finance, inadequacy of existing infrastructure, tax regulations, tax rates, cumbersome public administration.
This report is published jointly every two years by the African Development Bank, the World Bank, the World Economic Forum and the Organization for Economic Co-operation and Development
(OECD). There read from me again on this matter in two years time.
This report is published jointly every two years by the African Development Bank, the World Bank, the World Economic Forum and the Organization for Economic Co-operation and Development
(OECD). There read from me again on this matter in two years time.
No comments:
Post a Comment