On a biennial basis, The Africa Competitiveness Report highlights areas requiring policy action and investment to ensure Africa lays the foundation for inclusive and sustained growth.
The Africa Competitiveness Report 2013 comes at a time of growing international attention on Africa as an investment destination and increasing talk of an African economic renaissance. It is the fourth report in this series to leverage the knowledge and expertise of the three partnering organizations – the African Development Bank, the World Bank Group and the World Economic Forum – to present a joint policy vision for Africa. Under the theme Connecting Africa’s Markets in a Sustainable Way, this year’s report explores how Africa can connect its markets and communities through increased regional integration as a key to raising competitiveness, diversifying its economic base and creating jobs for its young, fast-urbanizing population.
Through a comprehensive analysis of Africa’s most pressing competitiveness challenges, the report discusses the barriers to increased trade, including the state of Africa’s infrastructure and its legal and regulatory environment. It similarly considers how innovative public-private partnerships, often anchored to potential growth poles, can serve as incubators for self-sustaining industrialization, more jobs, greater opportunities and more dynamic regional integration. The report includes detailed competitiveness profiles for 38 African countries, providing a comprehensive summary of the drivers of productivity and competitiveness in countries across the continent.