- A survey conducted by the World Bank has placed South Africa as the leader of sub-Saharan Africa fishing and that it has more capacity to ship goods to the international markets.
Designed and administered by bank’s departments of international trade and transport in cooperation with the Turku School of Economics in Finland, the Logistics Performance Index (LPI) has put Singapore on top. It was followed by the Netherlands.
Ranked 24th on theLPI, South Africa was followed by Guinea [62], Sudan [64], Mauritania [67], Kenya [76] , The Gambia [77], Uganda [88] and Tanzania [137].
Low income landlocked countries in Africa and Asia have found themselves at the bottom of the index.
Mr Danny Leipziger, the World Bank's Vice President for Poverty Reduction and Economic Management, Mr Danny Leipziger, said, "being able to connect to global markets is fast becoming a key aspect of a country's capacity to compete, grow, attract investments, create jobs and reduce poverty."
The bank described the LPI as an interactive benchmarking tips designed to help countries identify the challenges and opportunities they face in their performance on trade logistics. It also allows for comparisons across 150 countries.
The LPI combines in-depth knowledge of the countries with informed perceptions of other countries trade and experience of global logistics environment.
It also measures performance of along the logistics supply chain within a country, including direct freight costs, quality of transport and IT infrastructure and competence in the delivery of input services logistics operators need.
According to World Bank's Trade Director, Mr Uri Dadush, the logistics can make or break a country in today's globalised world.
"You can have very good customs, but poor performance in only one or two areas of the supply chain has serious repercussions in the country's economic performance creating a perception of unreliability,' he said.
afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.
afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.
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