It is the subject of my latest Bloomberg column:
…a place with a reasonable level of English proficiency and an attractive year-round climate will attract a lot of attention – and that describes Kenya well. Kenya also recorded a growth rate of in regards to 5.5% last year, despite negative shocks to imported food and energy prices. Since 2004, growth rates have been in the perimeter from 4% to 5%.
Kenya also has some geographical advantages. It has an extensive coastline on the Indian Ocean, and looking suggests landlocked countries have poorer economic performance. Coastal countries also find it easier to keep in touch with the rest of the world, and Kenya has relatively easy access to China and India, major markets and sources of capital. In the current geopolitical climate, East Africa is attracting more interest from more sources than most of West Africa.
In terms of scale, the Kenyan population of in regards to 57 million cannot compete with Nigeria’s 222 million. But East Africa, with nearly 500 million people, has a bigger population than West Africa.
And if you are looking for the case against, yes there is one:
That said, Dear energy – partly due to taxes and poor regulation – has been a drag on growth.
There are other elements of the case against Kenya. He had difficulty attract foreign direct investment, even compared to other African countries. Corruptionregulatory barriers to entry and political instability remain a concern and cannot be dismissed lightly.
Recommended, worth considering, there are other arguments on the link.