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Nine African countries have made it into the top 100 of the World Economic Forum’s Global Competitiveness Index.
The Index ranks countries based on a variety of factors, such as infrastructure, education, technology, institutions, financial markets and labour markets.
Mauritius was the top ranking African country, followed by South Africa, Rwanda, Botswana, Namibia, the Ivory Coast, Zambia, Seychelles and Kenya.
Authors of the report commented on the findings, saying: “For five years, growth rates have averaged over 5%, and rapid population growth holds the promise of a large emerging consumer market as well as an unprecedented labour force that, if leveraged, can provide significant growth opportunities.”
Various big name tech companies are focussing on Africa, having clocked on to its potential. Google, Facebook and WeChat have all said they will be focussing on the continent as key future market.