Standard Bank has released its fourth edition of the Africa Trade Barometer. The Barometer now ranks Tanzania as the fourth highest-ranking African nation in terms of overall attractiveness for trade in Africa, from eighth place in the previous year.
This follows South Africa, Namibia and Mozambique, which are ranked 1, 2 and 3 respectively. The barometer serves as an information tool for businesses trading across the continent to get a sense of the operating environment in each of the countries.
The barometer tracks 10 African countries South Africa, Namibia, Mozambique, Tanzania, Nigeria, Kenya, Uganda, Zambia and Angola.
One of the most critical tools for cross-border activity is relevant market intelligence about the markets businesses are venturing into and this Barometer looks to give detail about each countrys operating environment.
Relative to last years barometer, some countries trade attractiveness has increased while others lost some ground.
