African Economies Dominate Rankings for the Top 20 Markets

Côte d’Ivoire came first out of 66 countries for having the greatest potential for future growth, according to Standard Chartered’s Trade20 Index. Kenya ranked third and Ghana thirteenth, based on metrics such as economic dynamism, trade readiness and export diversity. Researchers found that while existing trade powers like China and India continue to rapidly improve their trade potential, African countries such as Kenya and Côte d’Ivoire have cemented their positions as East and West African trading hubs from a relatively low starting point. Huge investments in infrastructure, e-commerce and ease of doing business have also started paying off in Côte d’Ivoire and Kenya where the business environment has seen a marked improvement.

SOURCES: AFRICAN BUSINESS MAGAZINE

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