Browsing: Kenya’s trade prospects

• 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 …