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Daily News Egypt
3 days ago
- Business
- Daily News Egypt
Jeune Afrique names Egypt in top 3 of best-performing nations in Africa
Egypt, with an overall score of 49.91 out of 100, has secured a position within the top three best-performing countries in Africa, alongside Morocco (49.17), in a new exclusive ranking by Jeune Afrique. South Africa leads the list of 20 nations with an overall score of 64.79. The ranking was developed by the Jeune Afrique Media Group, through its Jeune Afrique Intelligence Unit, using a unique methodology focusing on governance, innovation, and influence. South Africa tops the ranking with a comfortable lead, its score driven by its industrial power, active diplomacy, high-quality infrastructure, innovation capacity, and an internationally recognised education system. The country ranks first in two of the three analysed dimensions: influence (contributing 16.92 points to its overall score) and innovation (contributing 19.53 points). Its governance dimension contributed 28.33 points. Egypt's second-place performance included a governance score of 23.33, an influence score of 12.04, and an innovation score of 14.53. Morocco, in third, received 27.50 for governance, 9.82 for influence, and 11.85 for innovation. The strategic overview, published by Jeune Afrique following its November list of the 30 most attractive African cities, aims to highlight countries building resilient development trajectories. 'This ranking highlights countries that, beyond short-term crises, are successfully building resilient development trajectories,' said Amir Ben Yahmed, CEO of Jeune Afrique Media Group. 'It's not just about measuring a country's wealth or size, but its ability to achieve sustainable performance across all dimensions.' Beyond the leading trio, the vitality of the anglophone bloc is confirmed, with Botswana (overall score 46.15, including a strong governance contribution of 36.67 points) positioned at 4th. Kenya followed at 5th (45.36), with Mauritius at 6th (43.75). Ethiopia ranked 7th (43.71), Tanzania 8th (43.56, with a governance score of 33.33), and Nigeria 9th (43.14, including an innovation contribution of 13.63 points). Some countries, like Kenya and Ethiopia, benefit from the performance of flagship companies (such as Safaricom and Ethiopian Airlines), a booming digital ecosystem, and a strong geostrategic role. Others, such as Mauritius (governance contribution 32.50) and Botswana, capitalise on institutional stability and economic attractiveness. On the Francophone side, the ranking surprises by the low representation of several economically significant countries. Algeria, for example, is ranked 19th with an overall score of 39.70 (governance 26.25, influence 5.42, innovation 8.04), and Mauritania does not appear in the top 20. After Mauritius, Côte d'Ivoire (10th, overall 42.72; governance 32.50, influence 3.24, innovation 6.97), Tunisia (12th, overall 42.44; governance 24.17, influence 7.30, innovation 10.97), and Senegal (13th, overall 41.39; governance 30.83, influence 4.90, innovation 5.65) achieve the highest scores among francophone countries. While these nations show strong performance in governance and innovation, their international influence still needs to be strengthened, according to the report. The ranking also gives prominence to island nations and low-population countries such as Namibia (15th, overall 40.90), Cape Verde (16th, overall 40.58), and Seychelles (17th, overall 39.91). Seychelles notably achieved the highest governance score in the ranking, contributing 37.08 points to its total. These relatively stable, democratic, and well-governed states leverage their image, diplomacy, and roles as tourism and financial hubs to maximise their influence. Departing from traditional GDP-centric approaches, Jeune Afrique's ranking offers a renewed analytical framework of the continent by deploying a broader methodology. This approach is structured around 25 indicators, grouped into three dimensions, with scores for each dimension weighted to contribute to an overall score out of 100:
Daily News Egypt
12-05-2025
- Business
- Daily News Egypt
Africa CEO Forum opens in Abidjan focusing on public-private ‘new deal'
ABIDJAN – The 2025 Africa CEO Forum (ACF) opened in Abidjan on Monday, focusing on forging a new 'public-private deal' to reshape the continent's prospects, bringing together over 2,000 leaders from more than 90 countries. Hosted by Ivorian President Alassane Ouattara, the 12th edition, co-organised by Jeune Afrique Media Group and the International Finance Corporation (IFC), aims to find solutions as Africa navigates external shocks like declining aid and high debt costs, alongside opportunities for South-South cooperation. Ouattara's presence is closely watched less than six months before Côte d'Ivoire's presidential election. In his opening address, President Ouattara declared: 'The world is undergoing profound upheavals and major shifts in the geopolitical, economic, and financial spheres. Despite this uncertain context, Côte d'Ivoire is showing strong, sustained growth thanks to a sound macro‑economic framework underpinned by significant private‑sector investment. We must now work to strengthen intra‑African trade by continuing our efforts to process our raw materials and by accelerating the implementation of the AfCFTA. I hope that this edition of the Africa CEO Forum will be a moment of truth and commitment, enabling us to design concrete and ambitious solutions together.' The two-day forum, held at the Sofitel Abidjan Hôtel Ivoire, gathers public and private decision-makers with the objective of building a new pact to fast-track the continent's economic transformation. It highlights economic governance as essential for attracting investment and building trust. Discussions are structured around three key priorities: strengthening economic governance to improve public policy efficiency and enable a more strategic government approach; optimising public policy by aligning regulations with the needs of African businesses; and accelerating the implementation of the African Continental Free Trade Area (AfCFTA) to build a continental market and foster African champions. High-level participation includes Heads of State Alassane Ouattara (Côte d'Ivoire), Bassirou Diomaye Faye (Senegal), Cyril Ramaphosa (South Africa), Mohamed Ould Ghazouani (Mauritania), and Paul Kagame (Rwanda). Also attending are Prime Ministers Robert Beugré Mambé (Côte d'Ivoire), Kassim Majaliwa Majaliwa (Tanzania), Amadou Oury Bah (Guinea), and Joseph Dion Ngute (Cameroon). More than 900 CEOs are among the participants. Leading figures from the private and financial sectors include Christel Heydemann (Orange), Aigboje Aig-Imoukhuede (Access Holdings), Samaila Zubairu (AFC), Soren Toft (MSC), Françoise Lombard (Proparco), Aïda Diarra (Visa), Serge Ekué (BOAD), Thierry Hebraud (MCB), Philippe Labonne (AGL), Christian Stammkoetter (Danone), Fatoumata Sanogo (Petroci), and Afrobeats superstar Davido. Amir Ben Yahmed, CEO of Jeune Afrique Media Group, said: 'After two decades of growth, Africa is once again facing challenges we thought were behind us, especially the ballooning debt crisis… we believe the core issue lies in the quality of public policy and economic governance… Africa must develop its capacity to engage with the private sector and empower it to drive growth.' Makhtar Diop, Managing Director at IFC, stated: 'Africa's potential is immense… Yet it remains largely untapped… To realize this potential, we must mobilize private capital towards a competitive and productive Africa… we urgently need a new deal between companies and public decision-makers'. A key event will be the public debate between candidates for the presidency of the African Development Bank (AfDB), moderated by Nicholas Norbrook, editor-in-chief of The Africa Report. Some leaders, including South Africa's Cyril Ramaphosa, Mauritania's Mohamed Ould Ghazouani, and Senegal's Bassirou Diomaye Faye, are attending partly to support candidates in this election, scheduled for late May. Rwanda's Paul Kagame is seen as cultivating support amid ongoing tensions between his country and the Democratic Republic of Congo.
