South
Africa, Nigeria and Kenya will top the chart amongst the "most promising
countries" in sub-Saharan Africa (SSA) for the development of logistics in
emerging markets over the next five years, according to a new survey of 1,100
global logistics and supply chain executives.
The
'Agility Emerging Markets Logistics Index 2016' (84-page / 4.68 MB PDF) said
South Africa’s "more established financial institutions and business
environment" are among the reasons that 26% of survey respondents placed
it at the top of the 'most promising' ranking for nations in the region.
Nigeria
was ranked second in SSA, with 17.5% of respondents, followed by Kenya (15%)
and Ghana (10.1%). However, Nigeria jumped 10 places to 17th in the overall
ranking of 45 countries featured in the index, which was compiled by analysis
and research firm Transport Intelligence.
Nigeria’s
ranking "reflected the country's 'rebasing' of its gross domestic product
(GDP) in 2014", the index said. Nigeria’s new GDP figures, which have 2010
as the base year, "give due weight to fast-growing industries such as
mobile telecoms and film-making that have sprung up since then."
"Having
risen 10 places in the combined ranking, it may well serve as a warning to
those excited by (Nigeria’s) potential that its infrastructure is likely to
severely limit growth unless significant progress is made," the index
said.
A
"particularly surprising statistic" highlighted by the index was that
Kenya has become the third largest emerging market air export trade lane by
tonnage, "exceeding not just its continental competitors such as South
Africa and Nigeria but even the likes of India".
Mining
was ranked highest by survey respondents (28.1%) in terms of sectors in SSA
expected to have the "greatest potential" for future growth in
emerging markets. Just over 11% of survey respondents thought the oil and gas
sector had the greatest capacity to drive growth in the region.
A
World Bank report published last year said South Africa was the top market for
private participation in infrastructure investment in the first half of 2015.
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