As you probably know by now, I’m a sucker for a good African story – especially one that inspires hope in the future. In this talk, economist Charles Robertson explains how Africa could be on the verge of the kind of explosive growth seen in India and Asia over the past century. His theory is that we are seeing the birth of a new boom in Africa that will change the economy of the entire continent and even of the world.
Having witnessed a dramatic shift in even the past few years in the cities of Nairobi and Nakuru, Kenya, I’m inclined to agree with Mr. Robertson. The growing middle class in Kenya is propelling innovation in the country. Education rates are up, mortality rates are down and the entrepreneurial spirit of the African people is strong. As one economist told me last week, “Kenyans see business not as risk, but as stability – and businesses here rarely fail.”
As my family begins our journey eastward toward Kenya, it’s amazing to think that 10 or 20 years from now, we could be telling stories about the “old” Africa – the poor, third world, developing continent. Here’s to hoping that in a generation or two, that version of Africa will be a distant memory.