Several key African economies have improved their performance in an annual ranking that compares the domestic and international logistics, business conditions and digital readiness of the world’s 50 major emerging markets. Other countries, including Morocco, Egypt or Ghana and Nigeria confirm their good health.
Agility’s 14th Emerging Markets Logistics Index (Emerging Markets Logistics) ranks countries according to the factors that make them attractive to logistics providers, freight forwarders, air and sea carriers, distributors and investors. This year’s survey was conducted among 750 professionals in the global supply chain industry.
As for the Continent, Morocco (20th in the world) is at the top of African countries ahead of Egypt (21st) and South Africa 24th). Next come Kenya (25), Ghana (29), Tunisia (32), Nigeria (34), Tanzania (37), Algeria (41), Uganda (43), Ethiopia (45), Mozambique (46) and Angola (48). While Libya (50th) is the bottom of the class.
Regarding the global ranking, of the world’s top 50 emerging markets (ranked by logistical strengths, their business climate and their digital readiness), if China and India, the two largest countries in the world, retained their places at first and second overall, with the United Arab Emirates, Malaysia, Indonesia, Saudi Arabia, Qatar, Thailand, Mexico and Vietnam completing the top 10. Turkey , 10th in 2022, comes out of it by falling one place to 11th place.
In sub-Saharan Africa, Nigeria had the best inland logistics, ranking 11th out of 50 countries, while South Africa’s international logistics network remains the best performing on the continent, according to the report. Agility (Emerging Markets Logistics). In North Africa, Morocco comes first, ahead of Egypt, Tunisia, Algeria and Libya. Kenya, Ghana and Tanzania are the nations to have improved their position the best compared to 2022.
In order to finance their energy and mining projects, African countries which went through a difficult year in 2022 hope that 2023 will begin the resumption of foreign investment. Indeed, many States in Africa have been marked by funding problems. In addition, the inflationary pressure undergone by the world, the continent felt it pass a little more than the others. It’s simple, more than one in two countries has experienced double-digit inflation, particularly in sub-Saharan Africa. This has led to an uncertain business climate that has stunted growth and discouraged foreign investment (2022) which is projected to be below that of 2021.
That being said, 2023 should in principle be a promising year in view of the global economic environment where Africa, with its energy and other wealth, makes many nations from other continents eye its side.