Pages

Ads 468x60px

Blogger Tips and TricksLatest Tips And TricksBlogger Tricks

Labels

About

Wednesday, 10 June 2015

Mauritius best economy performe in Africa

The country is rated as the best performing economy by the World Economic Forum (WEF) Africa Global competitiveness Report 2015 entitled: "Transforming Africa's Economies" released on June 4, 2015 in South Africa. According to press released, Mauritius which ranks 39th among the 144 economies assessed
worldwide, remains the most competitive economy in Africa particularly with the reforms upon which the country has embarked since 2006 with regards to the conducive environment for the financial services sector and the labour market and in the areas of infrastructure, health, primary education as well as in macroeconomic performance.

The report also further notes that along with Seychelles, Mauritius is currently transitioning to the innovation-driven stage. To increase competitiveness, the report further states that small open economies such as Mauritius need to put in place a skilled workforce and a business environment that is supportive for innovation and adaptive to new technologies.

 
Furthermore, the report recommends that a competitiveness agenda for most African countries should prioritise building out the basic fundamentals as their first critical step towards improving productivity and competitiveness. These include the provision of sound institutions and macroeconomic policies, adequate infrastructure, and the means for ensuring a healthy and educated workforce.
 
Blogger Templates