Business Opportunities and Risks in Africa Part 2 of 2
Episode Description
Africa today contributes barely 1.5% to world trade, but its future is brighter than that number might suggest. The continent has a growing middle class, institutions that are investing heavily in infrastructure, and in another decade, it will emerge as a market of 1 billion consumers. Elkanah Odembo, Kenya's Ambassador to the U.S., visited Wharton recently and spoke with Knowledge@Wharton about the potential rewards and risks of investing in Africa.
Brief Summary
Kenya's Vision 2030 aims to transform the economy, enhance governance, and attract international investment.
Key points
- Vision 2030: Kenya's Strategic Plan. Kenya aims to become a middle-income country by 2030 through strategic planning and private sector involvement.
- Mobile Money Revolution. The introduction of mobile money in Kenya has transformed financial transactions and boosted economic growth.
- Long-term Investment in Africa. Investing in Africa requires a long-term commitment for sustainable returns and growth.
Ask about Knowledge at Wharton
Episode highlights
- Vision 2030: Kenya's Strategic PlanKenya aims to become a middle-income country by 2030 through strategic planning and private sector involvement.“The private sector will be the engine of growth.”1:34Nov 24, 2010
- Mobile Money RevolutionThe introduction of mobile money in Kenya has transformed financial transactions and boosted economic growth.“The ability to transfer money by telephone may contribute more to national development than any other investment.”13:55Nov 24, 2010
- Long-term Investment in AfricaInvesting in Africa requires a long-term commitment for sustainable returns and growth.“If you want a place where your investment will bring good returns, this is it.”16:41Nov 24, 2010
Tension
45/ 100Some tension
