This archive report was first published on 27 September 2019.
Published on September 27, 2019, the Standard Chartered Trade 20 Report has ranked Kenya third in trade growth potential.
Ivory Coast takes the top spot, having made significant improvements in its trade readiness, while Kenya's remarkable improvement is attributed to enhanced infrastructure and business environment.
Kenya is consolidating its position as the trading hub of East Africa, while Abidjan, Ivory Coast, is positioning itself as the West African trading hub, poised to benefit from increased trade flows and foreign investments.
The report also highlights Africa's potential to become a bigger player in global trade, particularly with China through the Belt & Road Initiative, and expresses optimism about growth opportunities for trade and investments in the years ahead, especially with the implementation of the African Continental Free Trade Area (ACFTA).
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