The report of Africa Performance Index Institute (API) ranked 10 out of the continent’s 54 countries as having stood out from the crowd in 2017.
The best 10 are Burkina, Senegal, Tanzania, Ethiopia, Kenya, Rwanda, Niger, Guinea, Ivory Coast and Togo. Based on a wide range of quantitative indicators, API identifies different dynamics of the performance of African executive powers through their ministries of economy and finance.
According to the report, Minister Gatete stood out by streamlining current expenditures, introducing innovative policies (Diaspora-bound) and facilitating procedures for economic operators.
He has been able to manage difficult issues in connection with reduced aid dependency, accusations of interference in neighboring DR Congo and the first issue of bonds on international markets in April 2014.
All 10 countries’ economies saw a growth rate above 5% in 2017. This is one of the reasons that justify their first place on the charts drawn by API.
At the institutional level, the report stresses the growing need for skills development and innovation. This parameter provides a clear direction for public action based on the needs of small businesses and the informal sector at the national level.