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shaka
996 Posts |
 Posted - 12 Jun 2009 : 22:45:17
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Interesting report by Senegalese newspaper 24hrs Chrono.
REPORT ON COMPETITIVENESS IN AFRICA: GAMBIA IN TOP TEN AND OUTPERFORMS SENEGAL.
Poorly developed infrastructure, services, health care, limited education and poor institutional frameworks; all these factors have meant that Senegal has not been ranked in the top 10 most competitive African countries of the year. The opposite could be said of the Gambia, which was ranked 8th, while some believe that the Gambia is in Senegal. This classification of the most competitive African countries was published at the World Economic Forum on Africa which brings together until Friday some 800 people, including bankers, entrepreneurs and representatives of countries and institutions of Europe, United States, China and the Middle East in Cape Town, South Africa.
When it comes to economics Senegal is declining dangerously. Our country is threatened when the Gambia earns points despite the weakness of its human and natural resources. This stems from the crisis of Senegalese companies most of which were in a difficult financial situation due to non payment of debt owed to them by the state. A situation which has also cast many of them in dire straits. The Senegalese were also highlighted in this regard by international financial institutions like the IMF. Indeed, The World Economic Forum on Africa meeting until Friday some 800 people, including bankers, entrepreneurs and representatives of countries and institutions of Europe, the United States, China and Middle East has not ranked Senegal among the most competitive countries in Africa. Apart from this, there is the problem of access of some companies to finance. "African businesses can become far more competitive, if African governments and their international partners improve access to finance," says the report on Competitiveness in Africa 2009 , whose results were published yesterday by the World Economic Forum, African Development Bank and the World Bank. At this meeting, the Forum has unveiled the ten countries that are positioned at the top of the ranking of competitiveness on Africa 2009. According to the same document, limited access to financial services remains a major obstacle for African enterprises including Senegal, but African countries are also less competitive on the world market because of weak infrastructure of health care services and limited education and poor institutional frameworks. The three long-term lines of action relate to the fields of the infrastructure which remains one of the major hurdles to the exercise of the line of business in Africa, the systems of basic education and of health care which are ineffective, hamper the operation of the production potential of the continent. Good governance and strong leadership were also highlighted as examples that Africa should improve on.
To determine the impact of the world economic crisis on the continent according to the international magazine referenced yesterday, the Forum also will try to determine the impact of the world economic crisis on the poorest inhabited continent and to find answers there on the long run. South Africa, the top economic power of the continent, has thus entered in recession for the first time in seventeen years. The decline in demand for natural resources, the main resources of many African countries, will be widely discussed at this forum, as is investments, G20, agriculture and the promotion of women. More broadly, trade between Africa and other countries will be central to discussions in order to "encourage leaders to collaborate across borders." The WEF will focus on the Sino-African relations, looking at a new angle, the financial sector, with the President of the Industrial and Commercial Bank of China, Jiang Jianqing.
Leaderboard
Tunisia 1 (4.6 points)
2 South Africa (4.4)
3 Botswana (4.2)
4 Mauritius (4.2)
5 Morocco (4.1)
6 Namibia (4.0)
Egypt 7 (4.0)
8 Gambia (3.9)
9 Kenya (3.8)
10 Nigeria (3.8)
Source: http://www.seneweb.com/news/elections2007/article.php?artid=23403
Disclaimer: All errors and omissions in this translation are entirely mine, not the source.
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shaka
996 Posts |
Posted - 13 Jun 2009 : 00:36:22
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http://www.weforum.org/
The Africa Competitiveness Report 2009
Published Wednesday 10 June 2009
African businesses can become far more competitive, but African governments and their international partners will need to improve access to finance, resist pressure to erect trade barriers, upgrade infrastructure, improve healthcare and educational systems, and strengthen institutions.
The conclusions, released today at the launch of a major new report, The Africa Competitiveness Report 2009, reflect research efforts of three institutions – the World Economic Forum, the African Development Bank and the World Bank. Limited access to financial services remains a major obstacle for African enterprises, but underdeveloped infrastructure, limited healthcare and educational services, and poor institutional frameworks also make African countries less competitive in the global marketplace. The report also points to a number of success stories in the region that highlight steps countries can take to improve the business environment.
The report highlights two short-term and three longer term policy themes for improving the competitiveness of African economies.
The two short-term themes are:
1) Increasing access to finance through market-enabling policies.
2) Keeping markets open to trade.
The three longer term themes are:
3) Infrastructure remains one of the top constraints to businesses in Africa.
4) Inefficient basic education and healthcare systems constrain Africa’s productive potential.
5) More examples of good governance and strong and visionary leadership are needed.
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shaka
996 Posts |
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MADIBA
United Kingdom
1275 Posts |
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Momodou
Denmark
11828 Posts |
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shaka
996 Posts |
Posted - 15 Jun 2009 : 18:30:42
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| Thanks guys. There is a lot to be learnt from this report and hope to deliberate more on it as time permits. In the mean time congratulations to every Gambian and Non-Gambian who contributed to this achievement one way or the other. |
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turk
USA
3356 Posts |
Posted - 15 Jun 2009 : 20:50:57
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Look like the president of Gambia did a very good job with this. Congrats Jammeh!
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diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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