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Kenya economic leader in Africa, with Ethiopia

"Africa Risk-Reward index" put the two nations soon over Nigeria and South Africa

19-09-2017 by redazione

According to the research "Africa Risk-Reward Index"published by Nkc African Economics, Kenya and Ethiopia are the leading countries of the near future in the Black Continent.
The report, which compares investment, GDP, security and many other factors supporting the economy, shows how Nairobi and Addis Ababa are gradually surpassing the current leading African countries, namely Nigeria and South Africa. 
According to the study promoted by Oxford Economics scholars, the exponential growth of the Kenyan economy contrasts with the fall in oil prices that is creating problems in Nigeria and which, combined with security problems, has had a fairly negative impact on the economy of the leading West African Nation, with a consequent fall in gross domestic product from 6.3 per cent in 2014 to 2.7 per cent in 2015 to 1.6 per cent in 2016. As far as South Africa is concerned, the report states that the good reputation of its institutions has steadily deteriorated, and that the low local demand, high unemployment, drought and low export demand have led to a modest growth in GDP (0.3 per cent) in 2016. 
Obviously, the "Africa Risk-Reward Index" does not take into account the last period in which Kenya, in addition to the drought of the first months of the year, had to face the electoral impasse that cost in terms of public debt and temporary halt to many projects and investments.
However, GDP is expected to remain at 5.4%, which is absolutely positive, despite the projections of 6.3 last year.
But the African country is ready to restart to consolidate its position as an emerging leader.

TAGS: Kenya economiaKenya PILKenya capitaleKenya affariKenya finanza

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