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Browsing: Africa Trade Barometer
- Africa Trade Barometer has ranked Kenya sixth after South Africa, Namibia, Mozambique, Tanzania, and Nigeria.
- Kenya’s macroeconomic environment has demonstrated a moderate contribution to the nation’s trade attractiveness.
- A total of 235 businesses were surveyed in Kenya, located in Nairobi, Mombasa, Nakuru, Kisumu and Eldoret.
Kenya has fallen one place in Africa’s trade index by Stanbic Bank, as the country navigated a challenging macroeconomic environment marked by high interest in the first half of the year.
Latest Stanbic Bank Africa Trade Barometer has placed Kenya sixth after South Africa, Namibia, Mozambique, Tanzania and Nigeria.
Kenya has nevertheless beaten Ghana, Zambia, Uganda and Angola in the index which surveys 10 key economies in Sub-Sahara Africa, looking into trade openness, access to finance, macroeconomic stability, infrastructure, foreign trade, governance and economy, and traders’ financial behaviour.
According to the report, the country recorded drops in macroeconomic stability, governance, quality of infrastructure and …
- Standard Bank has developed the Africa Trade Barometer, a tool that blends qualitative and quantitative data across African markets.
- The Africa Trade Barometer is instrumental in solving access to information, a significant non-tariff barrier in Africa.
- It provides a near real-time view of trade openness, access to finance, and macroeconomic stability data among others.
Standard Bank, the biggest lender by assets across Africa, has thrown its weight behind the African Continental Free Trade Area (AfCFTA) saying it is a key opportunity to alleviate poverty, drive economic activity and achieve prosperity.
By eliminating trade barriers, AfCFTA aims to lift about 30 million Africans out of poverty by increasing incomes across the continent by seven percent by 2035. Once implemented, AfCFTA will be the world’s largest free trade area ever rolled out.
Standard Bank wants to power AfCFTA take-off
Recent global supply chain woes suffered in Africa illustrate the urgent need of …