https://archive.is/ssWrs
"Of all the countries in sub-Saharan Africa to be optimistic about, the most
promising is Kenya. Economic and political forces are converging to put the
continent’s seventh-largest nation in a relatively favorable position.
Africa is the fastest-growing continent and is expected to account for
one-quarter of the world’s population by 2050. That means more multinational
corporations see a need to have a direct presence somewhere in sub-Saharan
Africa. Many such companies already realize they need a presence in Asia, with
Singapore proving increasingly popular as the hub, especially as Hong Kong has
been absorbed into communist China.
Where in Africa might such a comparable cluster of companies evolve?
Unfortunately, some of Africa’s leading nations have experienced major troubles
lately. Economic growth has slowed in Nigeria, Africa’s most populous nation,
and the country has only begun to make much-needed reforms; Ethiopia, the
second-most populous country, just went through a civil war; political problems
and power shortages continue to plague South Africa. For the time being, those
places are not in the running to be a dominant sub-Saharan economic hub, if
only because expats will be reluctant to move there.
In contrast, a locale with a reasonable level of English fluency and an
attractive year-round climate will get a lot of attention — and that nicely
describes Kenya. Kenya also had a growth rate of about 5.5% last year, despite
negative shocks to the prices of imported food and energy. Since 2004, growth
rates have been in the range of 4% to 5%.
Kenya also has some geographic advantages. It has an extensive coastline on the
Indian Ocean, and research suggests that landlocked countries have worse
economic performance. Countries with a coast also find it easier to stay in
touch with the rest of the world, and Kenya has relatively easy access to China
and India, large markets and sources of capital. In the current geopolitical
climate, East Africa is attracting more interest from more sources than is most
of West Africa."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-school-meals-transit-us-ecuador-conservation/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
