Here are the five reasons why Kenya and Africa are set to finally take off

A week hardly goes-by without one or more international investors announcing major investment interests in Nairobi, or other African capital cities. Nokia, Nestle, and IBM are some of the companies which intend to position themselves more strongly in (East) Africa.



On a macroeconomic level, the new Africa momentum has also been evident. Africa has weathered both the global financial crisis, and the turbulence in the Euro zone.

According to World Bank’s latest economic outlook, Sub-Saharan Africa is projected to grow above five percent in 2012 and 2013. This would be higher than the average of developing countries (excluding China), and substantially, above growth in high-income countries.

This means that at some point in this decade, Africa could grow above the levels of Asia. A few years ago, it would not have been possible for economic observers to consider such a scenario.

There are five reasons why Africa can become an emerging region over the next decade, and Kenya provides a good illustration of this. The first reason is external, while the others are domestic
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