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Kenya’s supply chain opportunities with Britain after Brexit
Wednesday April 07 2021
By OTIENO PANYA
Even before Covid-19, the world had economic uncertainties. In 2019, the IMF projected an economic growth of 3.3 percent down from 3.6 percent in 2018. Today, upheavals have affected supply chains in every industry. With the successful inventions of the Covid-19 vaccine, 2021 will provide higher supply chain efficiency rate.
In June 2016, the UK voted by a narrow margin in favor of leaving the European Union (EU). The UK left the bloc on January 31, 2020 and left the EU Single Market end of 2020.
According to Peterson Institute for International Economics, the EU is the world’s most deeply integrated economic area and is much more favourable to trade than any other economic bloc.