KENYA
changes its ways

Introduction - Reforms - Harsh Times - Economy - Investment - Finance - Stock exchange
International Markets - Industry - Transport - Tourism - Telecom - Energy
Agriculture - Natural Ressources - Conclusions



CONCLUSIONS

For the first time in its history Kenya is going through hard times. But then again, all good things come to an end. Kenya has been used for years on end to receive handouts from the international community. When the rest of its African brothers had to put up with coups, wars, famines, bloody dictators, communism, etc., Kenya was a peaceful country which kept on advancing, showing the world that an African country could be almost as developed as the West. But then the dream came to a halt. It relied too much on its past, on international help, on its past glory. Kenya has now come of age. It should be able to stand on its own two feet. It has one of the most diversified economies in the African continent, a well-educated labor force and enough resources to regain its previous position. President Moi and Dr. Leaky's governmental reforms are just the tip of the iceberg of what should come.
But they are already sending the right messages to potential investors and donor countries. In fact, once the stamp of approval from the World Bank and IMF is obtained, Kenya should start cruising. Things are moving, slowly but steadily in the right path. And the present recession should not be seen as a punishment, but rather as a way of improving all that that was left for "tomorrow". Now the only way is up.

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© World INvestment NEws, 1999.
This is the electronic edition of the special country report on Kenya published in Forbes Global Magazine.
November 29th 1999 Issue.
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