This archive report was first published on 26 September 2019.
Kenya has made significant strides in improving its business climate, earning it a spot as the third most promising economy in future trade growth, a new report by Standard Chartered Plc has revealed.
Published on September 26, 2019, the report ranked 66 economies based on their potential for future trade growth, with Kenya emerging as a top performer.
The report considered improvements to physical and digital infrastructure, ecommerce, and ease of doing business, with Kenya benefiting from its improving business climate.
Kenya's strong trade readiness is driven by enhancements to its digital and physical infrastructure, as well as efforts to improve its ease of doing business, according to the report.
“Côte d’Ivoire and Kenya are leading the pack and Ghana also performs well. The particularly strong trade readiness exhibited by Côte d’Ivoire and Kenya is driven by improvements to their business environments, with enhanced digital and physical infrastructure, and moves to improve their ease of doing business,” said Standard Chartered Plc in the report.
Kenya's progress in trade growth potential is a testament to its efforts in developing its infrastructure, including road and railway development, which has made it easier to move goods within the country and to trading partners in the region.
