D’apr??s the first provisional results of the presidential election in Kenya, the Deputy Prime Minister Uhuru Kenyatta, who is the subject of a indictment of the International Criminal Court for his r? instigator of the violence in 2007, ahead of 54% of the votes his rival Raila Odinga, the current prime minister. Focus on the economy between 2000 and 2008, an average growth of 3.9%, stopped by the violence of the last election.
In recent years, the “young African” increasingly interested entrepreneurs. Eldorado for some, reserve labor ‘s practice or land to the other, it attracts investment from China, India, fran? Ais or American. The Horn of Africa, whose recent history yet carries pirates, massacres and famines, fits, too, in this evolution.
With a GDP of around $ 280 (215 euros) per capita, Kenya is considered a low-income countries, but as the whole of Africa, it takes off. Forecasts predict that within a decade, it should achieve the status of middle-income countries. However, this optimistic outlook is tempered by uncertainty as weather that policy, which governs the region. Since the early 2000s, Kenya recorded an average growth of 3.9% (2.1% from services, 1.1% in agriculture and 0.7% of the industry), but in 2008, following the post-election violence, the economy experienced a first shock.
Part of the infrastructure was destroyed and displaced populations. The political turmoil has discouraged investors aware of the risks. Severe droughts of 2008 and 2011 have accentuated the crisis, pushing up the price of raw materials and causing further population movements among Kenyans as from neighboring countries, especially Somalia.
THE KENYAN PEOPLE, “EDUCATED, energetic and CONTRACTOR”
After 2008, Kenya was gradually rebuilt. The country has in fact a number of decisive qualities that enabled him to get back on track. First hand d’oeuvres: Johaness Zutt, National Director of the World Bank for Eritrea, Kenya and Rwanda, describes the Kenyan people of “educated, energetic entrepreneur” and adds that “the Entrepreneurship is one of the greatest forces of Kenya. ” Moreover, the world price of Entrepreneur of the Year Ernst & Young has been awarded to a Kenyan, James Mwangi, Equity Bank boss.
Then the government: by investing in infrastructure and schools, he prepares the country’s economic progress. It is also the origin of emergency which the poorest Kenyans should benefit, in case of drought such programs. Foreign direct investment (FDI) is a significant indicator of the economic health of a country.
In Kenya, it is the telecoms excite envy. Through its subsidiary Safaricom, Vodafone became the leader of a lucrative market. There, 80% of the population have mobile phones. Those serve as surfing on the internet as financial transactions twenty million Kenyans use the service banking – which boosted the financial sector, now available to the poor. Wolfgang Fengler, chief economist of the World Bank for Kenya, Eritrea and Rwanda, however, qualifies the table: “Kenya has attracted FDI in areas under its strengths (…) In fact. , FDI remains disappointing and Kenya still attracts too much hot money. ”
DISCOVERY OF PETROLEUM DEPOSITS
The discovery of oil deposits, however, should cause new institutions. In addition to the difficulty of attracting capital, Kenya also difficult to export. If its share in the global horticulture is now known – its pink snapped in Aalsmeer, the Dutch flower market – and is a leader in the tea sector, it is far too intensive raw materials for this it has to offer.
Johannes Zutt believes that if “the Kenyan economy is less competitive today than it was twenty years ago,” is that since the early 1990s, the share of exports in the economy fell from 38% to 25 %. According to him, the resulting deficit in the trade balance has increased the “macroeconomic vulnerability of Kenya in 2011/2012.”
One of the most remarkable strengths of Kenya’s location, particularly its long heart you. The port of Mombasa, the yield is too low, could be a hub for trade, including regional. Kenya is the strongest economy in the Horn of Africa, and although it can not claim to become the Nigeria of the heart you East, bilateral or multilateral agreements with its neighbors could help them all to strengthen their economies. Wolfgang Fengler emphasizes this point: “The key message for all countries is:. Integration benefits everyone” So far, the countries of the Horn were more likely to share the bad news that the capital .
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