SSA corporate funding: Corruption still weighs down Sub-Saharan Africa
Euromoney Country Risk’s expert panel identifies corruption as the main political risk factor in most countries in the region, though overall economic risk has fallen since 2011.
Corruption in sub-Saharan Africa remains a serious concern for economists, according to the latest Euromoney Country Risk assessment of political risk in the region (covering corruption; government non-payments or non-repatriation; government stability; information access and transparency; institutional risk; regulatory and policy environment). Corruption consistently received the worst risk scores for political factors in most countries in sub-Saharan Africa in 2014. The ECR score is displayed on a point scale, with the highest scores being nearly devoid of any risk, and 0 being completely exposed to all risk.
Euromoney found that overall economic risk in the region has decreased since 2011. However, high scores for Cape Verde, Mozambique, the Central African Republic and Congo contributed strongly to the regional average this year.
In contrast to the downward trend in overall economic risk in SSA, some of the largest economies in the region have seen their economic risk outlook rise, most notably in Ghana, Nigeria and South Africa.