China’s economy is slowing. Russia’s economy has slowed down. Where does hope lie? Kenya. Say it again – Kenya and other ‘Lucky Six’ countries now called the Lucky Seven.
Sometimes back, the promise of the world’s economy lied on the BRICs (stands for Brazil, Russia, India, China, and to some extent South Africa). All these countries are giants now with a burgeoning economy. However, changing economic times has led to different forcasts in each of these countries and re-looking of where the promise lies.
Economics now think that the region which shows great promise is sub-saharan Africa which is now home to the world’s fastest growing middle class. Africahas abundant minerals, oil, and minerals and now the services sector is also growing. However, few of these countries offer great promise than Kenya. Kenya is joined by such countries like Indonesia, mexico, malasya, Colombia and Poland.
For Kenya, it seems to compete for africa’s other large economies like Nigeria and South Africa. These two countries however share their own economical and political turmoil. Kenya appears to head to the right direction backed by its parliamentary majority of the now free from ICC president Uhuru Kenyatta. The president is concentrating on developing the country’s infrastructure and the power sector with the government strengthening the states bureaucracy in the recent terrorist attacks.
You can read more @Fortune
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