Muria
JF-Expert Member
- Feb 17, 2016
- 281
- 181
Despite macroeconomic challenges (and a low-growth environment), South Africa still outperforms most other African economies due to relatively high scores across every other dimension (partly a reflection of the fact that the South African economy is more developed than any other African economy).
• Kenya and Côte d’Ivoire benefit from strong economic growth performance and prospects, with both performing moderately well in terms of infrastructure and business enablement.
• Botswana, Mauritius and Rwanda, although small markets, have all got a strong track record in areas of business enablement, social development and economic management, and perform relatively well.
• The North African countries of Egypt, Morocco and Tunisia, as well as Ghana, in West Africa, remain under some pressure economically, but have the advantage of a relatively business-friendly environment, good infrastructure and, in the case of Ghana, a strong governance track record.
• Nigeria’s relative underperformance on the AAI (ranked at number 15 overall) is perhaps somewhat surprising; while the Nigerian economy ranks as one of the most resilient in Africa, lower scores on the business enablement, governance and human development pillars are reflected in the overall ranking.
• Similarly, other high-growth economies like, Tanzania, Uganda and Ethiopia, are all ranked in the top 10 in terms of macroeconomic resilience (with Ethiopia at number 1), but are also relative underperformers on other longer term focused dimensions.
It is important to recognize that this kind of indexed ranking does not provide a definitive assessment of any of these markets; there are obviously no absolute answers in searching for market potential. In reality, there will be different answers for different organizations and investors with different priorities; and as priorities change over time, so will the answers. The AAI can, however, provide a useful starting point for analysis and enable strategic dialog on growth priorities, risk appetite and investment criteria.
Find the whole report below.
http://www.ey.com/Publication/vwLUA...ILE/ey-africa-attractiveness-program-2016.pdf
• Kenya and Côte d’Ivoire benefit from strong economic growth performance and prospects, with both performing moderately well in terms of infrastructure and business enablement.
• Botswana, Mauritius and Rwanda, although small markets, have all got a strong track record in areas of business enablement, social development and economic management, and perform relatively well.
• The North African countries of Egypt, Morocco and Tunisia, as well as Ghana, in West Africa, remain under some pressure economically, but have the advantage of a relatively business-friendly environment, good infrastructure and, in the case of Ghana, a strong governance track record.
• Nigeria’s relative underperformance on the AAI (ranked at number 15 overall) is perhaps somewhat surprising; while the Nigerian economy ranks as one of the most resilient in Africa, lower scores on the business enablement, governance and human development pillars are reflected in the overall ranking.
• Similarly, other high-growth economies like, Tanzania, Uganda and Ethiopia, are all ranked in the top 10 in terms of macroeconomic resilience (with Ethiopia at number 1), but are also relative underperformers on other longer term focused dimensions.
It is important to recognize that this kind of indexed ranking does not provide a definitive assessment of any of these markets; there are obviously no absolute answers in searching for market potential. In reality, there will be different answers for different organizations and investors with different priorities; and as priorities change over time, so will the answers. The AAI can, however, provide a useful starting point for analysis and enable strategic dialog on growth priorities, risk appetite and investment criteria.
Find the whole report below.
http://www.ey.com/Publication/vwLUA...ILE/ey-africa-attractiveness-program-2016.pdf
