Stanchart Index lists Kenya as top emerging trade partner in Africa
Kenya and Côte d'Ivoire joined global economies such as China and India in the top five markets with the greatest potential for future trade growth according to the latest standard chartered trade 20 index. Regional Head of Commercial Banking in Africa & Middle East, Ad Ganesh joins CNBC Africa for more on the trade index.
Wed, 26 Feb 2020 15:06:55 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Kenya's business advantages include stable foreign exchange rates and quality infrastructure facilities, making it an ideal gateway to East African markets.
- Côte d'Ivoire distinguishes itself with dual port facilities and abundant commodity resources, positioning itself as a prominent export hub.
- Standard Chartered focuses on leveraging technology to facilitate trade connectivity and ease movement of goods in emerging markets.
Standard Chartered Trade 20 Index has listed Kenya and Côte d'Ivoire among the top five markets with the greatest potential for future trade growth. Kenya, known for its advantageous business environment and stable foreign exchange rates, boasts quality infrastructure facilities including airports, ports, and telecom services. The country's strategic time zone facilitates trade with the Middle East, making it a gateway to other East African markets. Côte d'Ivoire, on the other hand, stands out with its dual port facilities and abundant commodity resources, positioning itself as a prime hub for specific exports.
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