This archive report was first published on 30 September 2019.
Kenya has emerged as a strong emerging market, according to the Trade 20 index by Standard Chartered Plc. The report ranked Kenya third globally in terms of trade growth potential.
Kenya's strong performance in trade growth potential is attributed to its economic dynamism, trade readiness, and export diversity. The report noted that Kenya and Oman are on an upward trajectory, progressing at pace from a relatively low starting point.
According to the report, Cote d'Ivoire leads the way for Africa in trade growth potential, followed by Kenya and Ghana. The Trade 20 index analyzed changes across a wide range of variables over the last 10 years to determine each market's potential for trade growth.
Standard Chartered chairman Viñals said, 'The Trade20 index points towards the strong potential of a number of markets outside the China-US-Europe trade axis. With rising protectionism casting a shadow over the future of world trade, it is encouraging that many emerging markets are still improving their trade growth potential for the medium term.'
Viñals added, 'Markets that are demonstrating the most impressive pace of progress may represent interesting opportunities for corporates seeking new investment, import and supply chain partners.'
Published on September 30, 2019, the report highlights the potential of emerging markets in trade growth.
