Kenya is the sixth most competitive country in Sub-Saharan African, according to the Global Competitiveness Report 2019.
Additionally, the report by World Economic Forum ranks Kenya at 95th globally with remarkable performance as a business environment. Sub-Saharan Africa ranks as the least competitive region, with Mauritius at the lead followed by South Africa. Chad holds the last position in the world.
This year’s rank is a drop from last years’ 93rd position. Kenya performed well in business dynamism, ranking 51st in a category led by the United States. The country’s performance in insolvency regulation plays a key role in this ranking since Kenya is reputable in handling stakeholder interest upon winding up a company.
Still, the country has a long way to go as She ranks 114th in the cost of starting a business. Additionally, it takes an average of 23 days to start a business in Kenya as compared to half a day in New Zealand.
On the other hand, the country’s worst performance was in health and ICT adoption. Kenya ranks 116th in both metrics. While the country has shown an improvement in the number of Mobile phone subscriptions, there is need for improvement in internet subscriptions.
The report reveals that out of 100, only 0.2 people have access to fibre internet solutions. Furthermore, only 0.7 out of 100 people use mobile-broadband subscriptions.
In the case of health, Kenya’s life expectancy dropped to 57.6 years.
The Global Competitiveness index is a report by the World Economic Forum that ranks countries based on 12 pillars, including , infrastructure, ICT adoption among others.