Regional outlook Sub-Saharan Africa 24/11/2015. Share commodities in good exports. Share commodities in goods imports

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Table 1: Economic structure indicators Number of Inhabitants (m.) Size of the economy (in USD bn.) Size of the economy (% of world GDP) Share commodities in good exports Share commodities in goods imports 2014 2014 2014 2013 2013 Angola 24.4 129 0.16 97 n.a. Benin 10.6 9 0.02 89 58 Botswana 2.1 15 0.03 12 31 Burundi 9.2 3 0.01 80 40 Cameroon 22.5 32 0.06 91 52 Cape Verde 0.5 2 0.00 86 55 Chad 11.3 14 0.03 n.a. n.a. Comoros 0.8 1 0.00 n.a. n.a. Congo (Democratic Republic) 79.3 36 0.05 n.a. n.a. Congo 4.3 14 0.03 77 9.0 Djibouti 0.9 2 0.00 n.a. n.a. Equatorial Guinea 0.8 16 0.03 n.a. n.a. Eritrea 6.5 4 0.01 n.a. n.a. Ethiopia 88.3 55 0.13 91 27 Gabon 1.6 18 0.03 n.a. n.a. Gambia 1.9 1 0.00 94 63 Ghana 26.2 39 0.10 83 23 Guinea 12.0 7 0.01 n.a. n.a. Guinea-Bissau 1.7 1 0.00 n.a. n.a. Ivory Coast 23.1 34 0.07 75 42 Kenya 42.9 61 0.12 63 38 Lesotho 1.9 2 0.01 n.a. n.a. Liberia 4.2 2 0.00 n.a. n.a. Madagascar 23.6 11 0.03 66 49 Malawi 17.6 6 0.02 92 29 Mali 15.8 12 0.03 n.a. n.a. Mauritania 3.6 5 0.01 99.98 32 Mauritius 1.3 13 0.02 41 47 Mozambique 26.5 17 0.03 85 46 Namibia 2.2 14 0.02 54 33 Niger 17.1 8 0.02 93 42 Nigeria 173.9 574 0.97 97 43 Rwanda 11.1 8 0.02 91 22 Sao Tome & Principe 0.2 0 0.00 88 59 Senegal 14.5 16 0.03 65 56 Sierra Leone 6.2 5 0.01 n.a. n.a. South Africa 54.0 350.08 0.65 54 37 South Sudan 11.4 14 0.02 n.a. n.a. Swaziland 1.1 4 0.01 n.a. n.a. Tanzania 46.7 48 0.12 72 48 Togo 7.0 5 0.01 36 38 Uganda 38.7 28 0.07 74 39 Zambia 15.0 27 0.06 84 33 Zimbabwe n.a. 14 0.03 83 39 Sub-Saharan Africa n.a. 1,680 3.09 n.a. n.a. Source: IMF, Worldbank

Table 2: External position indicators Current account balance Net FDI (% of GDP) Import cover (months) Gross foreign debt 2014 2014 2014 2014 FX regime (anchor currency) Angola -1.5-6.8 5.8 22.1 Stabilized arrangement (USD) Benin -8.0 3.4 2.5 30.0 Conventional peg (EUR) Botswana 16.1 1.7 11.4 14.8 Crawling peg (currency basket) Burundi -17.6 0.2 3.3 22.7 Stabilized arrangement (USD) Cameroon -4.6 1.9 4.5 18.2 Conventional peg (EUR) Cape Verde -7.6 3.9 4.9 87.0 Conventional peg (EUR) Chad -8.9 4.4 1.8 25.3 Conventional peg (EUR) Comoros -11.5 2.4 5.8 20.4 Conventional peg (EUR) Congo (Democratic Republic) -9.2 6.7 1.2 18.3 Stabilized arrangement (USD) Congo -9.4 15.5 7.3 27.8 Conventional peg (EUR) Djibouti -25.6 18.6 3.9 57.0 Currency board (USD) Equatorial Guinea -10.0 n.a. 4.1 n.a. Conventional peg (EUR) Eritrea -0.9 1.3 2.2 24.8 Conventional peg (USD) Ethiopia -8.0 2.0 2.8 28.4 Crawling like arrangement (USD) Gabon 8.3 4.9 5.5 26.0 Conventional peg (EUR) Gambia -13.1 3.8 4.7 65.1 Other managed arrangement Ghana -9.6 8.7 3.4 42.8 Floating Guinea -24.2 n.a. n.a. n.a. Stabilized arrangement (USD) Guinea-Bissau -1.2 n.a. n.a. n.a. Conventional peg (EUR) Ivory Coast -0.7 1.4 4.3 38.6 Conventional peg (EUR) Kenya -10.4 1.7 4.6 28.2 Floating Lesotho -7.9 5.4 5.8 40.0 Conventional peg (ZAR) Liberia -28.7 37.2 2.2 32.4 Other managed arrangement (USD) Madagascar -0.2 2.9 2.1 32.3 Floating Malawi -3.6 1.3 2.5 31.1 Floating Mali -7.3 3.7 2.1 30.0 Conventional peg (EUR) Mauritania -28.9 5.7 3.5 75.6 Other managed arrangement Mauritius -5.6 37.9 6.0 94.0 Floating Mozambique -34.7 31.9 3.2 49.2 Floating Namibia -9.9 3.3 1.7 44.0 Conventional peg (ZAR) Niger -15.2 2.7 4.5 37.2 Conventional peg (EUR) Nigeria 0.2 0.5 5.1 3.6 Other managed arrangement (USD) Rwanda -11.9 2.1 4.6 22.5 Other managed arrangement Sao Tome & Principe -27.7 5.8 5.2 73.6 Conventional peg (EUR) Senegal -8.8 1.5 3.4 36.2 Conventional peg (EUR) Sierra Leone -9.7 1.8 3.0 28.4 Floating South Africa -5.4-0.4 5.1 40.1 Floating South Sudan 2.7 75.9 n.a. n.a. Conventional peg (USD) Swaziland 2.9 0.7 3.5 12.6 Conventional peg (ZAR) Tanzania -9.3 4.3 3.8 29.7 Floating Togo -12.9-7.5 1.7 20.3 Conventional peg (EUR) Uganda -9.7 3.9 4.9 18.0 Floating Zambia -1.4 9.3 3.6 25.2 Floating Zimbabwe -22.0 0.5 1.0 66.0 No separate legal tender Sub-Saharan Africa -4.1 n.a. n.a. 18.4 not applicable Source: IMF, Worldbank, EIU

Table 3: Indicators of economic performance & macroeconomic policy GDP growth (%) Inflation (%) Gross national savings Fixed investment Credit to the private sector Credit to the private sector real growth (% yoy) Budget balance Primary balance Government debt (gross) Export to China (% of export) 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 Angola 3.6 7.3 13.5 15.0 23.3 4.5-6.4-5.3 42 51% Benin 5.4-1.1 10.4 18.4 21.5 10.0-2.5-2.1 34 21% Botswana 4.4 3.9 47.6 31.5 8.5-25.3 4.3-7.1 14 4% Burundi 4.7 4.4 2.4 19.6 24.8 17.8-3.4-2.7 31 5% Cameroon 5.7 1.9 17.8 22.4 16.0 14.0-5.2-4.8 25 11% Cape Verde 1.8-0.2 30.0 37.6 84.6 1.8-7.4-5.4 114 0% Chad 6.9 1.7 21.6 30.5 11.0 79.1-4.2-3.6 25 4% Comoros 2.0 1.3 11.6 18.6 28.0 13.1-0.5-0.5 25 0% Congo (Democratic Republic) 9.2 1.0 6.1 15.7 8.6 17.7 1.3 2.3 19 42% Congo 6.8 0.9 32.8 42.2 0.8 104.4-7.7-7.5 42 59% Djibouti 6.0 2.9 18.5 44.1 33.4 6.8-10.5-10.2 43 1% Equatorial Guinea -0.3 4.3 25.3 47.9 5.1 n.a. -6.8-6.1 12 28% Eritrea 1.7 12.3 2.4 8.0 0.0 11.1-14.5-11.3 132 33% Ethiopia 10.3 7.4 28.8 36.8 0.0 28.7-2.6-2.3 22 9% Gabon 4.3 4.5 35.0 26.8 14.6 11.2 2.7 3.9 29 18% Gambia -0.2 6.2 11.4 24.5 50.1 14.0-10.0-4.4 101 41% Ghana 4.0 15.5 15.2 24.8 34.4 35.5-10.9-4.6 69 11% Guinea 1.1 9.7-14.9 9.4 0.0 n.a. -4.1-2.9 41 2% Guinea-Bissau 2.5-1.0 9.6 10.8 18.9 n.a. -1.4-0.9 54 0% Ivory Coast 7.9 0.4 16.1 16.8 29.2 19.4-2.3-1.1 37 2% Kenya 5.3 6.9 11.0 21.4 43.1 17.2-7.2-4.8 53 1% Lesotho 3.4 3.8 24.8 33.0 1.9-56.2 0.6 1.6 48 1% Liberia 0.7 9.9 n.a. n.a. 37.8-1.8-3.5-3.2 33 29% Madagascar 3.3 6.1 15.3 15.6 15.6 17.5-2.3-1.7 35 5% Malawi 5.7 23.8 6.0 14.1 29.8-7.7-4.0 1.0 62 4% Mali 7.2 0.9 17.7 25.0 20.5 21.8-3.5-2.8 37 21% Mauritania 6.9 3.5 19.8 48.8 0.0 8.9-3.6-2.6 77 46% Mauritius 3.6 3.2 18.3 22.9 122.4-0.3-3.2-0.8 56 0% Mozambique 7.4 2.3 13.6 48.4 29.6 35.0-10.3-9.2 58 23% Namibia 4.5 5.3 18.0 28.0 50.3 22.6-3.7-2.5 25 5% Niger 6.9-0.9 25.3 40.6 11.4 15.0-8.3-7.9 32 9% Nigeria 6.3 8.1 16.0 15.8 21.9 10.2-2.0-1.0 10 2% Rwanda 6.9 1.8 14.4 26.3 0.0 54.3-3.6-2.8 30 18% Sao Tome & Principe 4.5 7.0-2.0 25.7 28.8-1.3-5.5-4.8 69 0% Senegal 4.7-1.1 19.1 27.9 35.1 7.9-4.9-3.2 53 2% Sierra Leone 7.1 8.3 1.4 13.3 12.2 21.9-3.7-2.7 38 80% South Africa 1.5 6.1 14.9 20.4 182.2 9.5-3.8-0.7 46 24% South Sudan 2.9 1.7 15.4 12.8 n.a. n.a. -11.4-10.4 20 n.a. Swaziland 2.5 5.7 12.2 9.2 19.8 17.1-1.6-0.6 14 3% Tanzania 7.0 6.1 21.9 31.0 18.2 24.1-3.2-1.8 35 12% Togo 5.0 0.2 10.7 23.6 36.0 15.0-4.9-3.6 59 4% Uganda 4.8 4.6 20.6 30.2 14.2 27.1-3.5-1.9 31 3% Zambia 5.6 7.8 29.7 31.1 27.5 12.6-6.1-3.8 35 29% Zimbabwe 3.3-0.2-8.9 13.1 0.0-30.8-1.5-0.4 53 27% Sub-Saharan Africa 5.0 6.4 16.3 20.5 n.a. n.a. -3.5-2.0 30 n.a. Middle East & North Africa 2.6 6.5 32.9 26.5 n.a. n.a. -1.2-0.7 28 n.a. Advanced Economies 1.8 1.4 21.7 20.8 n.a. n.a. -3.4-1.7 105 n.a. Emerging & Developing Economies 4.6 5.1 32.1 31.6 n.a. n.a. -2.6-0.9 41 n.a. EU 1.5 0.5 21.1 19.5 n.a. n.a. -2.9-0.8 88 n.a. Euro Area 0.9 0.4 22.7 19.4 n.a. n.a. -2.4-0.1 94 n.a. G7 Countries 1.7 1.5 19.9 20.1 n.a. n.a. -4.0-2.1 119 n.a. Source: IMF, Worldbank, EIU

Table 4: Indicators of demographic transition Population growth (%) Per capita GDP growth (%) Fertility Mortality Net secondary school enrolment (%) 05-'14 05-'14 10-'14 10-'14 11 Angola 3.4 6.4 0.33 0.36 13.5 Benin 2.9 1.1 0.23 0.25 42.0 Botswana 1.9 3.3 0.73 0.72 61.1 Burundi 3.4 0.6 0.30 0.34 21.2 Cameroon 2.5 1.1 0.35 0.37 40.1 Cape Verde 0.9 3.6 0.07 0.11 69.9 Chad 3.4 2.9 0.36 0.38 n.a. Comoros 2.4-0.2 0.23 0.26 47.3 Congo (Democratic Republic) 3.2 3.2 0.32 0.35 n.a. Congo 2.8 2.3 0.28 0.31 n.a. Djibouti 1.3 3.3 0.23 0.26 25.1 Equatorial Guinea 3.0-0.3 0.32 0.35 n.a. Eritrea 2.3-0.5 0.24 0.29 25.8 Ethiopia 2.6 7.8 0.21 0.25 n.a. Gabon 2.3 0.8 0.24 0.26 n.a. Gambia 3.2-0.4 0.24 0.27 41.6 Ghana 2.5 4.7 0.23 0.26 54.6 Guinea 2.6-0.3 0.27 0.29 31.5 Guinea-Bissau 2.3 0.7 0.26 0.29 n.a. Ivory Coast 2.2 1.5 0.40 0.42 n.a. Kenya 2.6 2.5 0.25 0.28 56.0 Lesotho 1.0 3.4 0.59 0.60 34.1 Liberia 3.2 3.3 0.24 0.26 16.7 Madagascar 2.8 0.0 0.21 0.24 30.4 Malawi 3.0 2.5 0.39 0.39 31.2 Mali 3.1 1.3 0.27 0.27 35.6 Mauritania 2.6 3.1 0.19 0.21 21.6 Mauritius 0.3 3.4 0.10 0.15 n.a. Mozambique 2.8 4.1 0.48 0.48 18.3 Namibia 1.8 2.6 0.25 0.30 n.a. Niger 3.9 1.6 0.24 0.25 12.2 Nigeria 2.7 3.3 0.35 0.37 n.a. Rwanda 2.5 5.0 0.20 0.24 n.a. Sao Tome & Principe 2.2 2.8 0.17 0.20 49.3 Senegal 2.9 0.7 0.19 0.22 n.a. Sierra Leone 2.6 5.3 0.42 0.44 37.9 South Africa 1.4 1.5 0.41 0.45 n.a. South Sudan n.a. n.a. n.a. n.a. n.a. Swaziland 1.5 0.9 0.59 0.57 35.4 Tanzania 3.1 3.5 0.27 0.30 27.8 Togo 2.7 1.1 0.29 0.31 n.a. Uganda 3.3 3.4 0.31 0.33 22.7 Zambia 2.9 4.5 0.27 0.33 46.2 Zimbabwe 1.7 0.0 0.36 0.41 n.a. Source: Worldbank

Table 5: Economic indicators - income level GDP per capita, nominal (USD) GDP per capita, nominal at PPP (USD) Country 2014 2014 % of SSA average Angola 5,304 7,270 141 Benin 820 1,875 36 Botswana 7,233 17,050 330 Burundi 336 914 18 Cameroon 1,410 3,007 58 Cape Verde 3,584 6,424 124 Chad 1,236 2,627 51 Comoros 899 1,533 30 Congo (Democratic Republic) 453 729 14 Congo 3,171 6,635 128 Djibouti 1,692 3,062 59 Egypt 3,304 10,918 211 Equatorial Guinea 19,960 36,785 712 Eritrea 590 1,200 23 Ethiopia 620 1,642 32 Gabon 11,484 20,757 402 Gambia 427 1,605 31 Ghana 1,473 4,137 80 Guinea 557 1,257 24 Guinea-Bissau 639 1,457 28 Ivory Coast 1,460 3,101 60 Kenya 1,420 3,099 60 Lesotho 1,162 2,918 56 Liberia 481 886 17 Madagascar 453 1,445 28 Malawi 344 1,112 22 Mali 766 1,742 34 Mauritania 1,403 4,314 83 Mauritius 9,999 18,689 362 Mozambique 630 1,178 23 Namibia 6,188 10,656 206 Niger 469 1,052 20 Nigeria 3,300 6,054 117 Rwanda 712 1,703 33 Sao Tome & Principe 1,707 3,165 61 Senegal 1,079 2,352 46 Sierra Leone 773 2,054 40 South Africa 6,483 13,094 253 South Sudan 1,256 2,064 40 Swaziland 3,994 9,553 185 Tanzania 1,029 2,742 53 Togo 657 1,452 28 Uganda 713 1,939 38 Zambia 1,772 4,087 79 Zimbabwe 1,043 2,055 40 Source: IMF WEO

Table 6: Economic indicators - period averages GDP growth (%) Inflation (%) Budget balance (% GDP) Government debt (gross, % GDP) Current account deficit (% GDP) 1995-2002 2003-2011 2012-2014 2015-2017 2003-2011 2012-2014 2015-2017 2003-2011 2012-2014 2015-2017 2003-2011 2012-2014 2015-2017 2003-2011 2012-2014 2015-2017 Angola 8.0 11.3 5.6 3.6 27.2 8.8 12.3 2.4-0.7-2.3 36 36 53 8.9 5.7-5.9 Benin 5.1 3.5 5.5 5.5 2.9 2.2 1.8-1.1-1.6-3.2 29 31 36-7.8-8.9-9.8 Botswana 4.9 4.6 6.2 3.1 8.8 5.7 4.3 0.1 3.5-0.2 12 17 11 4.9 7.2 0.9 Burundi -0.5 4.2 4.4 0.8 10.5 10.2 6.3-3.4-2.9-5.4 105 33 30-7.4-17.8-10.2 Cameroon 4.4 3.2 5.3 5.4 2.4 2.1 2.1 4.4-3.6-5.2 27 20 35-1.7-4.0-5.1 Cape Verde 7.6 5.3 1.3 3.6 2.6 1.3 2.0-5.0-8.9-3.7 74 102 123-11.2-8.4-8.1 Chad 4.1 9.0 7.2 6.4 1.7 3.2 3.5-1.2-1.9-0.8 26 20 23-7.2-8.9-9.0 Comoros 2.3 1.7 2.8 2.2 3.9 2.9 2.1-0.3 6.9-1.6 61 28 25-11.1-15.1-16.6 Congo (Democratic Republic) -2.7 5.9 8.2 7.5 19.0 1.3 1.7-0.4 2.1 1.5 82 19 22-2.3-8.7-8.5 Congo 3.1 4.7 4.7 4.8 3.6 3.5 1.7 11.7-1.0-3.0 99 38 52-1.7-5.4-10.9 Djibouti 0.0 4.2 5.3 6.9 4.4 3.0 3.3-1.7-6.4-9.7 58 43 58-9.0-23.1-25.1 Equatorial Guinea 57.5 8.0-0.4-4.7 5.0 3.6 3.1 10.0-7.8-3.8 5 10 16 2.1-5.4-4.6 Eritrea 4.9 0.8 3.4 2.0 18.2 12.3 12.3-17.1-15.0-14.3 141 130 137-2.1 0.6-3.3 Ethiopia 5.4 9.9 9.6 8.1 17.5 13.2 9.1-2.9-1.9-2.7 53 22 23-6.0-7.0-10.1 Gabon 1.4 2.1 5.1 4.5 1.2 2.6 1.9 6.9 2.0-2.5 38 26 40 13.9 12.2-4.7 Gambia 3.6 3.6 3.4 5.7 7.0 5.4 5.6-3.5-7.6-3.5 100 87 101-10.1-10.4-10.9 Ghana 4.6 7.1 6.4 6.2 13.4 11.4 11.1-5.7-11.4-4.2 45 58 70-7.0-11.1-7.0 Guinea 4.1 2.4 2.4 3.6 19.7 12.3 8.3-4.1-4.2-4.0 108 39 36-7.0-25.7-37.7 Guinea-Bissau 1.3 3.7 0.5 4.8 2.3 0.6 2.1-2.3-1.8-2.1 164 53 48-2.2-4.8-4.5 Ivory Coast 2.8 0.9 9.1 7.7 3.0 1.4 1.6-1.7-2.6-3.1 76 40 33 2.9-1.1-1.8 Kenya 2.4 4.9 5.2 6.8 8.5 7.3 5.8-2.7-6.0-7.2 46 46 56-3.5-9.2-8.6 Lesotho 3.0 4.4 4.1 3.4 6.2 4.8 4.3 3.0 1.0-6.7 51 44 54 7.6-9.4-9.2 Liberia n.a. 3.0 5.9 4.4 9.2 8.1 8.2-2.3-3.3-7.7 419 29 45-19.1-26.1-37.1 Madagascar 1.8 4.0 2.9 4.2 9.9 5.9 7.1-2.5-3.0-3.4 54 34 41-11.5-4.2-2.2 Malawi 4.2 6.3 4.3 4.8 10.1 24.5 14.4-2.2-4.1-4.0 76 63 48-5.4-2.4-2.5 Mali 4.8 4.8 3.0 5.0 2.3 1.9 2.9 0.8-2.5-3.5 32 32 42-8.0-4.4-4.3 Mauritania 3.0 5.7 6.1 5.3 7.0 4.2 4.2 n.a. -0.7-3.6 108 75 84-15.0-26.7-22.1 Mauritius 4.7 4.3 3.3 3.5 5.9 3.5 2.6-3.9-2.9-4.2 51 54 54-6.8-6.4-4.9 Mozambique 8.6 7.4 7.3 7.7 10.1 2.9 5.1-3.5-5.6-5.7 50 50 60-12.5-39.0-42.5 Namibia 3.8 4.1 4.9 5.4 6.0 5.9 5.6-0.7-3.1-6.0 22 24 28 3.8-6.5-13.0 Niger 2.9 4.8 7.8 5.9 2.5 0.6 1.7 2.6-4.0-5.6 43 29 45-13.4-15.0-20.9 Nigeria 5.6 8.7 5.3 4.3 12.1 9.6 9.2 1.4-1.3-3.4 17 10 14 9.7 2.7-1.2 Rwanda 11.6 7.4 6.8 7.0 8.9 4.1 3.8-0.4-2.6-3.0 45 26 35-4.9-10.2-10.8 Sao Tome & Principe 1.9 5.4 4.3 5.2 17.6 8.6 4.6 7.6-4.8-4.4 174 73 90-24.6-24.1-14.7 Senegal 3.9 4.2 4.2 5.9 2.1 0.3 1.4-4.1-5.2-4.2 36 48 59-8.4-10.0-5.3 Sierra Leone 9.3 5.8 14.1-2.1 12.8 10.6 10.8-0.6-3.7-4.8 86 36 48-15.8-14.0-12.7 South Africa 2.9 3.5 2.0 1.6 5.6 5.8 5.4-1.7-4.0-3.7 32 43 50-3.2-5.4-4.5 South Sudan n.a. n.a. -6.7 1.4 n.a. 15.6 26.8 n.a. -9.5-22.2 n.a. 12 52 n.a. -6.0-5.0 Swaziland 3.0 3.5 2.8 1.2 6.3 6.7 5.4-1.1 1.0-5.8 14 14 22-4.3 3.8-1.5 Tanzania 4.8 6.5 6.5 7.0 7.7 10.0 5.5-3.0-3.7-3.7 32 32 41-6.6-10.4-7.4 Togo 2.0 3.3 5.4 5.5 3.0 1.5 2.2-1.7-5.6-6.0 85 52 60-8.2-11.1-11.6 Uganda 7.4 7.8 3.8 5.5 9.1 7.8 6.0-1.7-3.5-4.0 34 28 38-5.7-8.3-11.2 Zambia 3.9 7.9 6.4 4.7 13.4 7.1 7.1-0.1-5.2-6.6 21 30 44 0.2 1.2-1.9 Zimbabwe n.a. -2.6 6.1 2.3 22.6 1.7-0.2 n.a. -1.3-0.9 n.a. 55 62-15.7-24.0-21.9 Sub-Saharan Africa 4.2 6.1 4.8 4.3 9.2 7.4 7.0-0.3-2.8-3.7 33 29 35 0.6-2.8-5.4 Middle East & North Africa 3.8 5.5 3.2 3.4 7.8 8.5 5.7 6.2 2.7-9.5 36 27 38 11.1 10.0-3.8 Advanced Economies 2.9 1.7 1.4 2.1 2.1 1.6 1.1-4.3-4.2-2.6 83 105 104-0.7 0.3 0.3 Emerging & Developing Economies 4.3 6.8 4.9 4.5 6.6 5.6 5.2-0.8-1.7-3.9 42 40 46 2.8 0.8-0.2 EU 2.6 1.5 0.4 1.9 2.4 1.6 0.9-3.4-3.4-2.0 66 87 87-0.1 1.5 2.1 Euro Area 2.5 1.2-0.1 1.6 2.1 1.4 0.8-3.2-3.0-1.6 73 93 93-0.1 1.7 3.0 G7 Countries 2.6 1.4 1.4 2.1 2.0 1.6 1.0-5.3-5.0-3.1 93 120 117-1.3-0.9-0.8 Source: IMF WEO

Table 7: Overview of Z-scores by country for enabling environment F&A value chain development Agricultural value added Trade Policy Infrastructure Property rights Fin Services avg Agriculture R&D Trading Across Borders Indicator Africa Infrastructure Development Index indicator Registering Property Indicator Credit to agriculture (share of total credit) and loans from commercial banks (% GDP) Agricultural R&D spending (2011 PPP m USD) agricultural expenditure (% total outlays); agricultural policy cost indicator; regulatory quality indicator Business linkages State of cluster development indicator Ease of Doing Business indicator Country % GDP Z-score Z-score Z-score Z-score Z-score Z-score Z-score Z-score Overall score Mauritius 3 1.80 2.78 0.67 3.33-0.25 1.19 1.31 2.48 1.94 South Africa 2 0.99 3.04 0.67 2.73 2.23 0.32 1.79 2.08 1.66 Seychelles 3 1.50 3.81 1.03-0.02 n.a. -0.15 1.04 1.21 1.20 Rwanda 33-0.29-0.01 2.36-0.33-0.24 1.77 1.32 2.01 0.98 Cabo Verde 8 0.98 1.42 1.29 0.86-0.51 0.44 0.12 0.64 0.82 Namibia 6 0.60 0.45-1.10 0.93 0.02 1.38 1.01 1.17 0.64 Botswana 2 0.06 0.79 1.55-0.03-0.37 0.95-0.28 1.40 0.64 Ghana 21 0.80-0.14 1.63-0.10 0.76 0.32 0.43 1.44 0.63 Gambia n.a. 1.20 0.27 0.34-1.15-0.50 1.24 0.86 0.30 0.44 Kenya 30 0.18-0.30 0.00 0.44 1.90 0.71 1.48 0.32 0.40 Zambia 10-1.45 0.05-0.38 1.35-0.36 0.93 1.47 0.83 0.40 Lesotho 6 0.35-0.21 0.69 0.00-0.52 0.15 0.56 0.50 0.29 Burkina Faso 22-0.64 n.a. 1.57 n.a. n.a. n.a. n.a. -0.11 0.27 Mozambique 29 0.68-0.58 0.56 0.53-0.33 0.01 0.06 0.53 0.26 Tanzania 31 0.59-0.60 0.23 0.67 0.38-0.08 0.06 0.47 0.19 Sao Tome & Principe 20 0.87 0.27-0.23 n.a. n.a. 0.10 n.a. -0.14 0.17 Senegal 17 1.18 0.04-0.91 0.13-0.24 0.37 0.39-0.29 0.13 Uganda 28-0.13-0.23 0.21 0.03 0.61 0.35 0.13-0.10 0.04 Mali 42-0.21-0.59 0.05 0.26-0.06 0.09 0.58 0.06 0.03 Swaziland 7 0.71 0.08 0.14-1.15-0.49 0.33-0.75 0.84 0.03 Ethiopia 42-0.59-0.90 0.52 0.58 0.28 0.28-0.33 0.47 0.00 Côte d'ivoire 22-0.01-0.09 0.23-0.15 0.01 0.71-1.29 0.02-0.08 Comoros 35 0.42 0.12 0.51-0.63 n.a. -0.73 n.a. -0.27-0.10 Benin 36 0.76-0.42-0.75-0.01-0.24-0.36-0.03-0.10-0.13 Malawi 33-0.65-0.16 1.04-0.02-0.24-0.36-0.62-0.31-0.15 Sudan 29-0.18-0.46 1.60-0.61-0.05-1.14 n.a. -0.27-0.18 Togo 42 0.87-0.56-1.61 0.05-0.44-0.21 n.a. -0.08-0.26 Cameroon 23-0.04-0.11-1.09-0.10 n.a. -0.36-0.22-0.24-0.31 Equatorial Guinea n.a. 0.43-0.15-0.15-0.55 n.a. -1.24 n.a. -0.33-0.33 Liberia n.a. 0.28-0.54-1.27-0.09-0.48-0.32 0.08-0.59-0.35 Gabon 4 0.61 0.34-1.49 0.01-0.54-0.66-1.63 0.15-0.38 Nigeria 20-0.03-0.31-2.22-0.04 4.64 0.23 0.21-0.51-0.38 Guinea 20 0.46-0.39 0.24-0.90-0.49-0.67-0.94-0.50-0.39 Sierra Leone 62 0.63-0.77-0.46-1.15-0.46-0.41-0.89 0.28-0.40 Madagascar 26 0.89-0.81-0.38-0.59-0.43-0.55-1.10-0.30-0.41 Niger 37-1.51-0.88 0.68-0.49 n.a. 0.05 n.a. -0.48-0.44 Guinea-Bissau 44 0.81-0.58-0.58-0.56-0.54-0.95 n.a. -0.96-0.47 Angola 9-0.47-0.34-0.75-0.01 n.a. -0.74 n.a. -1.11-0.57 Burundi 39-1.03-0.17-0.23-0.60-0.43-0.85-1.61-0.40-0.70 Zimbabwe 14-1.52 0.27 0.69-0.10-0.35-2.31-1.60-0.55-0.73 D.R. Congo 21-1.05-0.80-0.11-0.89-0.36-1.06 n.a. -1.25-0.86 Congo 5-1.71-0.42-0.93-0.52-0.48-0.80 n.a. -0.95-0.89 Central African Rep. 58-2.15-0.57-0.32-0.35-0.51-0.92 n.a. -1.92-1.04 Chad 53-1.94-0.88-0.80-0.75-0.38-0.67-1.58-1.61-1.18 Eritrea 15-0.90-0.75-1.25-1.15-0.52-2.32 n.a. -2.06-1.41 South Sudan n.a. -2.18 n.a. -1.48-1.06 n.a. -1.53 n.a. -1.78-1.61 Source: Rabobank Share of agriculture in economy Standards & Regulations avg Ease of Doing Business Enabling factors - overall

Figure 1. Fewer armed conflicts in Africa than a decade ago Source: Centre for Systemic Peace Figure 2: Green shoots of democracy Figure 3: But state fragility of most African countries is above average Source: EIU Source: Centre for Systemic Peace Figure 4: Regional differences in political and security risk Source: IHS Source: IHS

Figure 5: Sub-Saharan Africa s agro-ecological zones Source: FAO, Rabobank