By September 12, 2019

Kenya Ranked 3rd In Africa In Readiness To Adapt To Change

By September 12, 2019

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Kenya continues to establish itself as a leader in the continent, Besides being a leader in innovation, Fintech, Tourism, agritech, renewable energy, access to electricity among others, it has also been ranked third in Africa and 59th globally in a study on readiness for change.

According to the 2019 Change Readiness Index (CRI) report by global audit and advisory firm KPMG, Kenyans have developed readiness for change in terms of ability to manage risks that come with shocks such as natural disasters, financial or social stability.

The report highlighted that Kenya’s main sectors have developed the ability to capitalize on current greatest challenges, including climate change.

Other shocks that Kenya has developed resistance for includes; economic and political opportunities such as changes in demographics, technology, and government.

The report noted that organizations can leverage the data from the report to inform investment decisions.

“This will unlock the investment and innovation needed to build sustainable infrastructure,” it added.

KPMG further noted that the CRI report can help to improve government policy by benchmarking national strengths and weaknesses and identifying areas in need of reform.

“The index can also help build leading practices by stimulating debate on change readiness and learning from higher-ranking countries identify potential public and private sector partnerships by pinpointing areas to match capabilities and resources with highest priority needs,” it adds.

While conducting their study, KPMG used indices such as the ability of private and state-owned organizations to grow within a dynamic economic environment and government and public regulatory institutions to manage and influence change.

Kenya came in third after Mauritius and Namibia which took positions 34 and 43 globally.

Other countries that topped in Africa include Morocco, Tunisia, Rwanda, Ghana, Botswana, Egypt, and Cote d’Ivoire.

Featured Image Courtesy: nationfm.co.ke

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