Corruption Perception Index: How did SSA perform?

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Friday, January 24, 2020 / 2:45 PM / United Capital Research / Header Image Credit: Brand Spur

 

Yesterday, the Transparency international published Its global corruption perceptions index (CPI) report, which surveys 180 countries across different regions, on the perceived levels of public sector corruption. With a score range of 0 (high corruption) to 100 (low corruption), the global average score was underwhelming at 43 points. Across the regions covered, Western Europe and E.U. countries scored the highest average score, with Denmark and New Zealand bagging the award for the least corrupt countries in the world. 

 

Bringing it closer to home, unimpressively, Sub-Saharan African countries received the lowest average score at 32 points. While Seychelles, Botswana and Cabo Verde were perceived to be the least corrupt, Sudan, South Sudan and Somalia were the most corrupt countries in the region. Looking at some of the top economies in Africa, Nigeria and Angola ranked 146, Kenya ranked 137, Ghana and Morocco ranked 80 and South Africa ranked 70 out of the 180 countries surveyed.

 

Judging by the above ranking, the general perception of Sub-Saharan African countries remains unimpressive, with continued impact on foreign direct investment, external borrowing and global competitiveness. With little or no improvement in the drive to tackle political loopholes and corruption, massive influx of resources that will drive development might remain on the sidelines.

 

Top African Stories

  • Angola charges Isabel dos Santos with fraud, embezzlement: Angola's billionaire former first daughter Isabel dos Santos has been charged with money laundering and mismanagement during her stewardship of stateowned oil firm Sonangol. Read More

  • Rwanda to waive visa fees for Africans, Commonwealth, OIF citizens - Kagame: Rwanda is considering waiving visa fees for a broad category of visitors entering the country, president Paul Kagame is reported to have said in London. Read More

  • Zambia's economy to grow by 3% in 2020 - President: Zambia's President Edgar Lungu said on Thursday the country's economy was expected to grow 3% this year, a slight reduction from the 3.2% growth previously forecast. Read More

  • USA's new travel ban 'targets' Eritrea, Nigeria, Sudan, Tanzania: Four African nations are targets of a new travel ban by United States president Donald Trump, multiple news sources have reported. An official announcement is expected by next week. Read More

  • Morocco's CPI up 0.2% in 2019 - planning agency: Morocco's consumer price index rose 0.2% in 2019, slowing from inflation of 1.9% registered in 2018, the planning agency said on Wednesday. Read more

  • Sudan opens up gold market in bid to raise revenue: Sudan has begun allowing private traders to export gold, a measure designed to crack down on smuggling and attract foreign currency into the country's cashstrapped treasury. Read more

 

Looking Forward

Angola

Dec-19 Benchmark Interest rates - January 27th

 

Ghana 

Monetary Policy Decision - January 27th

 

Kenya

Monetary Policy Decision - January 27th

Jan-19 Inflation Rate - January 31st  

 

Morocco

Dec-19 Money Supply M3 YoY - January 30th

 

Nigeria

Monetary Policy Decision - January 24th

Dec-19 Private Sector Credit - January 29th

 

South Africa

Dec-19 South Africa Budget - January 30th

Dec-19 Trade Balance Rand - January 31st

 

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