Rwanda ranks fourth in quality of life among African nations

By Esther Muhozi
On 23 November 2023 at 04:44

Rwanda has clinched the fourth position in a recent ranking of African countries boasting the highest quality of life, as disclosed by the Monkey Insider website. Renowned as a financial platform offering invaluable insider trading and hedge fund data to everyday investors, Insider Monkey curated this list based on the latest data from international economic and development agencies such as the World Bank, IMF, African Development Bank, UNDP, and others.

The evaluation framework is structured around three pivotal pillars. The first pillar, contributing significantly to the Human Development Index, meticulously assesses healthcare, education, and the overall well-being of the population. Additionally, this pillar takes into account dedicated programs aimed at enhancing various social aspects of life.

The second pillar hones in on economic factors, scrutinizing trade development, investment facilitation, and legal frameworks within the country. The third pillar revolves around good governance, evaluating the efficiency of public services, the treatment of public servants, the establishment of laws and policies, and the government’s commitment to enforcement.

Combining the insights gleaned from these pillars, Rwanda distinguished itself by securing the fourth position among the 12 African nations acknowledged for harboring the most prosperous citizens. Noteworthy is Rwanda’s score of 0.534 in the capacity-building category, marked as average on the scale. In economic terms, Rwanda attained a commendable score of 52.20%, while in good governance, it excelled with a score of 61.32%, resulting in an overall impressive score of 56.76%.

The top-ranking countries in this comprehensive report are Mauritius, Botswana, and Seychelles, securing the first, second, and third positions, respectively. Following Rwanda in fifth place is Namibia. Zooming into East Africa, Tanzania holds the ninth spot, while Kenya clinches the tenth position among the 12 nations recognized for nurturing prosperous populations.