This archive report was first published on 26 September 2019.
Kenya has emerged as a rising star in global trade, ranking third in the top 20 markets with the greatest potential for future trade growth.
Released by Standard Chartered Bank, the Trade20 Index report highlights Kenya's impressive trade growth potential, driven by the government's 'Big Four' development initiative.
According to the report, Kenya's trade readiness score is particularly high due to infrastructure and ease of doing business improvements. Standard Chartered Kenya CEO, Kariuki Ngari, attributed this success to the government's reforms, including improvements in starting a business, access to electricity, and protecting minority investors.
While existing trade powers like China and India continue to improve their trade potential, African economies are making strong progress from a relatively low starting point. Kenya is consolidating its position as the trading hub of East Africa, while Côte d'Ivoire is cementing its position as a West African trading hub.
Published on September 26, 2019, the Trade20 Index examines 66 global markets and reveals the 20 economies that are most rapidly improving their potential for trade growth.
