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Kenya Is Poised to Become the ‘Singapore of Africa’
Of all the sub-Saharan African countries, Kenya offers the greatest reason for optimism, as it finds itself uniquely positioned by favorable economic and political circumstances.
That’s Tyler Cowen, professor of economics at George Mason University and Bloomberg News opinion columnist
Africa’s Growth and Corporate Hub Potential:
Kenya as a Potential Hub:
- Advantages:
- Reasonable English fluency.
- Attractive year-round climate.
- Consistent economic growth (around 5.5% in recent years).
- Extensive Indian Ocean coastline, facilitating global trade.
- Strategic location for access to China and India.
- Strong digital infrastructure and internet access.
- High percentage of renewable energy (over 80%).
- Stable recent governance, and improving security against terrorism.
Kenya’s Promising Future:
Kenya is positioned for growth due to its advantages and the overall growth of East Africa.