A new report commissioned by Standard Chartered and prepared by PwC Singapore has said Nigeria and 12 other countries will be responsible for driving global trade to $30tn by 2030.
According to the report, Kenya, the second African nation on the list, would be growing by 7.6 per cent annually, with $10bn in exports by 2030 through key corridors, namely Pakistan, Uganda and the United States of America. According to the report, global trade will be reshaped by five key trends: the wider adoption of sustainable and fair-trade practices, a push for more inclusive participation, greater risk diversification, more digitisation and a rebalancing towards high-growth emerging markets.It said almost 90 per cent of the corporate leaders surveyed agreed that these trends would be shaping the future of trade and would be forming part of their five to 10-year cross-border expansion strategies.
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