Tag Archives | political unrest
The English philosopher Francis Bacon once claimed “opportunity makes the thief”. The implication is that people are not born thieves, but thieves are created in the moment, in situations where opportunities for thievery exist. A second and more unsettling implication is that anyone is potentially a thief. Criminologists working from the opportunity hypothesis also propose that crime is the result of a rational choice in which costs and benefits are weighed up.
In this edition of Invest Africa, the focus is on the East African country of Kenya. The panel identifies key challenges and opportunities when it comes to investing in the country.
Kenya is regarded a regional hub for trade and finance in East Africa and many large corporations have the Africa headquarters in Nairobi. Continued economic and political transformations are essential in order for Kenya to maintain this status. Kenya boasts advanced markets and high market adoption rates. Technological advances are significant — fast adoption of applications. Increased interaction with customers and stakeholders through social media — revolution on its own, social media cannot be ignored.
When compared with other continents, Africa is not as competitive as it could be in the global mining industry, as more global investment is flowing into South America and China, says global advisory firm KPMG mining in Africa services head Ian Kramer. However, the African mining industry continues to grow significantly in West Africa, as gold projects are being developed in Ghana, Mali, Côte d’Ivoire, Burkina Faso, Guinea and Mauritania.