The World Bank says seven African countries will grow GDP at a rate of 7% or more over the next three years.
Here’s a countdown of these cheetah economies and some tips on how to invest in each one.
Jonathan Kruger, an Africa Portfolio Manager, recently traveled overland from Nairobi to Cape Town in his native South Africa. The two-month journey took him through East Africa (Kenya, Tanzania, Malawi, Zambia) and Southern Africa (Zimbabwe, Botswana, South Africa). One of his aims was to experience at grass roots what is driving Africa’s economic future. He shared the following observations and impressions with InvestingInAfrica.net.
In this guest post, Robert Rayford of Dealmarket.com argues that Kenya merits a long look from global investors.
Throughout Africa there are a number of potential economic giants waiting to awaken from their collective slumbers and lay down a marker both on the continental and global stages. Due to the well-documented troubles encountered by the continent, be it famine, corruption, or something else, the potential for growth there is among the highest and most attractive in the entire world.
Kenya is one such country where all the stars appear to be aligning at the same time, so to speak, and the East African nation could be set to be the big African economic success story of the next decade.
What is happening, or has happened, in Kenya to leave it on the cusp of an economic boom period?