Africa’s Economic Growth Hinges on Stronger Public Sector Governance – Africa.com
Despite Africa’s efforts to attract foreign investment, its economic woes persist, largely due to weak corporate governance in the public sector. Unlike private companies where accountability drives performance, many African governments lack strategies, risk management and transparency mechanisms. Public office is often seen as a tool of political patronage rather than governance, fostering corruption and a “performative democracy” that lacks a real social contract. This approach harms citizen welfare, weakens institutions, and creates an unfavorable environment for sustainable business growth. Analysts believe that the adoption of corporate governance principles can enhance a government’s legitimacy with its citizens, strengthen public institutions and improve the business environment by establishing a stable regulatory framework that attracts investment. By applying these principles to the public sector, African leaders can break the cycle of poor economic performance and state fragility.
source: traffic light
