Why Kenya is Africa's Middleman
ฝัง
- เผยแพร่เมื่อ 16 พ.ค. 2024
- Kenya's economy is the fourth largest economy is Sub-Saharan Africa, receiving billions in investment to act as a regional transport hub. Raising the question of whether Kenya is the gateway of East Africa?
Over 80% of Rwanda and Uganda's exports flow through Kenya's roads and rail. Making infrastructure mega-project's like the Standard Gauge Railway and LAPSET key to its future. Alongside regional trade blocs like the East African Community. However, can Kenya reach its dream of becoming an Upper Middle Income country by 2030?
-- TIMESTAMPS --
0:00 Intro
2:06 How did Kenya become East Africa's economic powerhouse?
9:49 What makes Kenya an effective partner for its landlocked neighbours?
13:37 How successful could Vision 2030 be?
16:45 What are Kenya's main challenges and solutions?
19:17 Alt Reflects
-REFERENCES-
altsimplified.tv/kenya-episod...
#kenya #kenyaneconomy #africa
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Thanks for watching! ❤️ You can subscribe and see all our videos here 👍 th-cam.com/users/AltSimplified
Would you cover the economy of other african states auch as Nigeria 🇳🇬 south africa or Egypt
Kenya economy is bigger than Ethiopian
Do Economy of Brazil🇧🇷please
I'm Nigerian, but my love for Kenya is huge, the country is all about positivity.
🇳🇬 🇰🇪
Thank you man
Yes,in Kenya we never say die!
What part of Kenya are yall from cuz where Im from in Kenya you can't go driving without a 1/4 chance of dying from an accident and the police are violent
@@joeleichum7500 Which Kenya are you from!? If Kenya was that violent and accident prone as per your unverified bush statistics you wouldn't be even alive to comment here!
@@lifehacks1019 😹
Kenya is the biggest African investor in Rwanda, and they are getting good returns. Love Kenya from Rwanda 🇷🇼🇰🇪
True. I am Kenyan and I intend to invest in Rwanda. Pamoja tusonge mbele.
@@derrickmutuma7185 Karibu or in Kinyarwanda Urakaza Neza!
@@madoxxxx06 Ahsante kaka. I will join you guys soon.
@@madoxxxx06 I would love to visit Rwanda and probably invest. Am from Kenya
You forgot about Congo which is your first export partners and the ones that invest the most in ur economy after Kenya (IMF)
Greetings from Egypt 🇪🇬❤️ Love Africa 🌍 and Kenya 🇰🇪
I love Egypt we are one
🇰🇪❤Egypt.
If you are reading this make today an amazing day and keep moving towards your goals. success comes to those who never give up.
Yeah! Always remember to set a goal in life. That’s the rule
Remember its never too early or too late to become smart with your money. Save invest, work do whatever you need to do to grow your wealth.
My mother thinks she got a great deal because she gets 0.05% in a money market account through Navy Federal, and get Fiddle Faddle buy 1 get 1 free at Aldis this work so she thinks she’s smart with her money. while I made 25% last year on 750k portfolio investing, I don’t have the heart to tell her she is clueless.
@@flourishmorales5200 Wow that’s cool, I have been looking to start investing recently watching self-tutorialc videos on TH-cam can you share some tips to start investing for newbie.
@@guntherdietrich7139 Buy stock and hold
im rooting for kenya 🇭🇹🇰🇪
wishing all the best for our Kenyan brothers, greeting from Egypt
Sure
Yeah no, egyptians and morrocans dont like black Africans not accepting your fake wishes
All the best to Egypt! 🇰🇪
Wish you well too
Quick correction. LAPSETT is not funded by the Chinese. The first three berths have been funded internally at a cost of $300 million, while Kenya Ports Authority intends to engage a private company to build and operate the rest of the 29 berths. Good work though. Thanks for featuring us!
Don't believe what is released to the media
VERY VERY correct. LAPSSET PROJECT IS FUNDED BY KENYANS
No it’s not.
People tend to assume any project constructed by Chinese is China funded.
These Racists can't imagine Africans doing anything for themselves.
Nice, I love Kenya since we are neighbors 🇪🇹❤🇰🇪 One Love to east Africa and the whole of Africa
Correction, Kenya is 3rd largest sub-Sahara Economy, not Ethiopia.
Thanks for the comment. We went off the World bank Database and IMF country reports as at 2020 current and PPP $.
@@AltSimplified The government rebased it's GDP the other day.. Our economy is larger than Ethiopia's.
@@AltSimplified Learn to use very recent details from each country's Bureau of Statistics or each country's relevant authorities.
GDP (PPP) Ethiopia 🇪🇹 is above Kenya 🇰🇪, but GDP (Nominal) Kenya is above Ethiopia. Here, they use GDP (PPP).
@@rang3688 what is "is able ethiopia"?
Actually, Kenya's growth prospects are on its human resource which is the country's biggest foreign exchange earner. Besides outsourcing which you covered in barely 30 seconds, the country has a rapidly growing diaspora that contributes at least 3% to its GDP. Another thing is that Kenya's companies are heavily investing in the region more than any other East African country. Alongside joint infrastructure projects with other EA countries, the increased integration could dramatically improve the country's economy. Informative video though.
& most of us are preparing to head home for good with knowledge transfer & $$ to invest
@@cyantess8423 true. Where are you based? am looking to start a biz back home, i dont mind having partnerships.
@@mwanafalsafa3613 we're here at home if you need boots on the ground or even research in the specific industry you're interested in. Karibu nyumbani
The devolved system of governance has played the biggest role in Kenya's current growth.
correction, the port of lamu was fully funded by the kenya tax payers not a chinese loan
Wow i also dont know that. Thats awesome
Yes
This is a very well done video. Your stock footage is excellent. Your information is 98% accurate. Bravo
Kenya has the potential to be a great power house .
great insight!👌👍
all the best to our brothers, greetings from UG. 🇺🇬🇰🇪
One love 🇰🇪
Great to hear about the plans to connect Kenya, Uganda & South Sudan by rail.
Egypt & Sudan also are currently working on plans for a rail connection between the two countries.
In the future, it will be great to have a complete rail connection between Mombasa on the Indian ocean to Alexandria on the Mediterranean
I hope our grandchildren would be able to make such a trip
Wow! I watched this immediately it was posted (from Nairobi). You've well captured the diverse economy of Kenya. Great stock footage by the way. This being the longest video makes me like this channel even more👌
This was Golden. you got the facts right even the history. And the production quality is on another level.
I have never clicked a video that fast.
😉
Why no upload?
Great video
A major problem is corruption which will lead the country to eventually walking into the middle income debt trap for decades, especially if they are in debt to China at the same time.
Three things that set Kenya back are : Corruption, Corruption and Corruption. Tribalism is not that much of an issue any longer. Sadly, however, successive generations have been infected by the corruption disease . And the beat goes on……
And the tribalism still stems from corruption....politicians stoking the fires during the election, though you are right by saying it's at a low compared to before
Many African countries suffer from the two issues, but Kenyans tend to shout the most about theirs. You'd think it is unique to Kenya. I have no problem people asking for better, but self damage is a serious disease.
@@esem135 COOORRECTT!!!!!
Another major problem kenyan continue electing corrupt leaders, due to tribalism they prefer one of there own in higher offices even if they are told a thousand time that man or woman is corrupt and a thief even they are shown evidence but kenyan close there eyes and ears and elect corrupt leaders who in turn steal from the country.
Am glad tribalism is actually dying..hopefully we'll be able to curb corruption and improve people's lives by 2030
Loved the video, also loved learning about the Kenyan economy.
Wonderful video Altsimplified. Thank you for sharing about Kenya which is doing well economically despite having no mineral resources or fertile soil for farming.
It's a less talked about but essential lynchpin of global trade
Kenya is soil fertile.
This is such a great synopsis. Well done!
Damnnnnn the production quality has increased! Great job as usual, amazing stuff.
Thanks for noticing!
Adaptation is the name of the game.
Great video. But you missed what is arguably the strongest driver of Kenya's economy today --technology or is it IT? In fact, you could do a full-length video on that alone.
Hi Mutegi, please ignore the spam impersonator who spelt Altsimplified as AHSimplified. Great point on IT, we only loosely touched on it with outsourcing
@@AltSimplified and the table baking thingy, I've seen it change small businesses that can't be able to access credit from banks. You can loop that in too
I'm happy to see one of my favourite channels covering my country.
Kenya is on the right growth trajectory......
Increasing manufacturing
Opening up arts,creative and film industry
Continue efforts to build robust foreign policy
And bridging the inequality gap
Film should be the least they should worry about
Really interesting. Thank You! In the end of the video You mention, there are other important topics regarding Kenya. Hopefully You'll be addressing those in a next video!
thanks for your Comments. let me introduce you to something profitable and Intresting. Text us on Wha@pp..
Was waiting for your video. Really enjoy them.
That would be cool. Colombia is an awesome country
So happy for Africa. Keep talking about economy, debt management, jobs, education , advancement in science and at all costs, avoid war. I love Africa.
DO NOT PAY YOURSELF FIRST. THAT'S THE WORST BUDGET ADVICE I'VE EVER HEARD. IT UNDERMINES THE CURRENT FINANCIAL REALITY OF THE LOW AND MIDDLE CLASS. BILLS, FIRST, SAVE AFTER.
The "pay yourself first" strategy involves making a budget of wants and needs. Once you budget your needs, you know how much money you can pay yourself first before spending on wants. Pay yourself first, and pay bills when they are due...
I know what the strategy is. Learned about it back in 2014 while taking an economics and finance class. Also, now that it was first created in the early 1920s when we were living in a very different economic state. That strategy should not apply to people where we are currently. I agree with everything else you said though and think this was great content to share. 🙏
Money is also a tool that can help you to achieve your goals. It can provide comfort and stability for your family, make it easier to plan for the future, and allow you to save for important milestones. But to achieve these things, you need to know how to make your money work for you by investing with the right signal.
@@summerfield01 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds, etc), bitcoin, and gold. I'm also working on an investment plan that includes NFTs with my advisor, Mrs. Pamela Kay weaver. It's been a year and a half of steady growth.
True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds, etc), bitcoin, and gold. I'm also working on an investment plan that includes NFTs with my advisor, Mrs. Pamela Kay weaver. It's been a year and a half of steady growth.
Thanks for explaining the economy of Kenya
I don’t think Ethiopia is ahead of Kenya currently.
It isn’t but it is growing much faster
Thanks for the comment. Yes that's correct according to the World Bank and IMF data
@@heinuchung8680 Hardly. They are warring right now.
@@AltSimplified bro can u tell how did you promote yur channel in rhe beginning. I am trying from one year but you tube does not rank my video. You are also a new starter so can u tell how you tube ranks yours and some techniques how to get you tube rank your video I use you tube adds and got only 50 subscribers
@@AltSimplified you are using PPP instead of Nominal. And from that perspective, it is equal to mean Egypt is the largest economy, in Africa and China in the world, when we know it is Nigeria and USA respectively.
I've learnt so much thank you! Subscribed!
Breathtaking views of my country. It's like I have never been to Kenya. Thank you ✌🏾🖤❤💚
Great video, very well researched
Precious information
Great video although I'd argue that Kenya didn't actually follow African socialism, many in government at that time professed an "african capitalism" in contrast to the African socialism that Julius Nyerere was trying in Tanzania
That's why until now you suffer from development
Julius Nyerere came out of power 37 years ago , Tanzania is the tenth largest economy in Africa right now . what Dr Nyerere built in Tanzania is national cohesion , there are 120 tribes in Tanzania how do you bring these people together ? ,it is through common language (Kiswahili) and what he preached Afrikan brotherhood , tribalism is not what you find in Tanzania and that is a good foundation.
I enjoyed every frame of the video and each of the words it came out of your voice. It was well researched; you deserved my respect gentle bow.
When will you do a story on Ethiopia 🇪🇹? The comparison also the east African countries economy will be helpful.
Thank you!
You seriously need more subs with this great content
Thanks Justin. Hoping to deliver more consistently and upping th le quality first 😉
Great video
well-detailed economy of kenya..have been looking for one of these
Thanks! Our longest video but hoping to provide more videos in this format.
What a Beautiful country we live in!
Lamu port isn't financed by China.Lamu port is solely financed by the Kenyan government
Nope
thanks for your Comments. let me introduce you to something profitable and Intresting. Text us on Wha@pp..
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@@samuelmbugua4488 But it is. LAPSET Phase 1-3 at a cost of $300M is fully funded by your taxes.
@@samuelmbugua4488 Lamu port has been funded by Kenyans. China only won the contracts to build.
1:41 great video, I liked it only a hut has to be placed somewhere 😊😊
Kenya has very good Safari. The electric infrastructure is good. Uganda has very good electric infrastructure
Too. Actually, Uganda is exporting electricity to Kenya. Both are on top for electRic iNfrastructure. Ivory coast is at the top for electric infrastructure as well.
now can we have a video on Nigeria as future economic prediction is gr8 for Nigeria and would love to see ur take on it
The idea to increase manufacturing sectors' contribution to GDP is a challenge. India has Make in India scheme to improve productivity locally.
As for Kenya, if it's natural resources are less compared to Niger, Ethiopia etc., importing raw materials and producing finished goods need a good comparison if cost efficiency with other countries.
Arguably technology is an answer. Still Kenya needs lithium, iridium etc., to make high quality products to compete with high income countries and China.
Focus on small scale industries and clusters to produce consumer goods. That way consumption can be matched with production.
Slowly exports can be encouraged.
Improve product and service quality. Include IT. Less of corruption and ease of going business can encourage foreign investment.
Local employment with increase in farm income by modernizing agricultur is a must.
Women labor has to be utilized by farming women entrepreneuriall groups and banking facilities can increase GDP.
Insightful !
Good advice. I agree with you.
I think that's why Uhuru has pushed for the inclusion of DRC into the EA block if you know you know. Kenyans leaders knows for Kenya to be a power house they need to be playing big politics Kenya big banks are operating in DRC then the army have been sent to DRC to maintain peace but at the end of the day Kenya knows what it wants its the lithium that is my point of view
Development Economics 101 from forever, which is not followed by most countries or printed by developed ones:
Industry should focus on low value added areas for export. This is how all countries move up the value chain and industrialize. A lower exchange rate is also key to making the country competitive in terms of exports so it can attract industry.
Evidence: Japan, Taiwan, Korea, Vietnam, China.
The lamu port is fully government-financed, Kenya is not seeking to be a middle-income country but it's a lower-middle-income country. Before the post-election violence of 2008, the country's GDP growth was at 7.2%, it was among the fastest-growing economies in the world. I believe, we have great potential in increasing our manufacturing level. Income inequality is a monster that the current regime can't slay because it will be like someone trying to cut his own hand. But overall, Kenya has made great development in road infrastructure, energy and we are witnessing more and more Kenyan companies move to invest regionally.
In Kenya we need to tackle corruption,reduce reliance on foreign debt and establishing a sovereign fund,funded by a percentage of profits from state entities, a 5% of the excise duty due to having high internet/mobile penetration and taxing the rich in addition capital gain where government infrastructure are done/carried out(speculative price occurs).I believe this fund can be use for development ONLY namely infrastructure,health and education.
@njungahehu...thanks for your relevant points...I have just been watching the video on Norway's wealth fund....that's the best way to go ..but only after slaying the dragon of corruption and looting!
Kenyan economy is larger than Ethiopian
Thanks. People do not focus on Kenya enough and they ignore its potential, while the country could easily outsmart every country on the continent in the coming decades. People are typically drawn to Rwanda, Ethiopia, South Africa, and Nigeria when Kenya is where the money's at.
Nah dude, SA is where the money is at.
@@TamimLB Sure... SA, the country where its residents want to slaughter each other to oblivion.
@@mwanikimwaniki6801 where tf did you hear that lie?
@@TamimLB Lie? You can't be that sheltered.
@@mwanikimwaniki6801 So you think South Africa is just full of homicidal people? Can you get any more arrogant? Just say you hate South Africa for no reason and leave man.
Kenya overtook Angola into 3rd position.
I would like to see this video again in 2026. And see what has been going on in a bigger picture.
Small progress each quarter seems to be holding well, even with few internal and more international pressures.
We grow tea in our farm....Kapsabet and Nandi hills
Kenya has one of the largest indian diaspora and is part of India's master plan to make Kenya the gateway to Africa
May you do a video on South Africa's economy?
Mzansi in the house
Correction: Kenya is the 3rd biggest economy in sub Saharan Africa
Please Do South Africa
Tackling corruption remains the big challenge, but still great strides have been made especially regional integration which has boosted trade and growth in IT and our service industry. The development of infrastructure is also a game changer, transforming the urban set up in the country, and with sustained growth, we'll achieve a lot. The biggest catalyst though, is our devolved system of government which has channelled a lot of resources to most citizens and in the next 10 years, a different Kenya will emerge.
Its not fourth but 3rd. In less than 1min and I realize a mistake
Kenya is the 3rd largest economy in subsaharan Africa.
It also has the largest economy in Eastern and central africa
WEWE LAPPSET /Lamu port is fully funded by the Government of kenya
Do a video about: Economy of Brazil🇧🇷 please
could you do sri lanka
Supporting Manufacturering should be on the table for the next government, if they want to stay competitive in the region.
We need a video discussing Colombia’s economy
Now that's a fascinating economy! The difficulty is the stock footage 👍
Can you make a video about Malaysia?
Kenya could have been 10x better than this could it have eliminated its widespread corruption
Yes...
They'll still elect corrupt leaders.
I hope you can do more videos on other African countries
Planning to! The hardest part is finding the footage tbh
The SGR cost 3x the international standard. But the difficult terrain cited in the video necessitating bridges and tunnels does not exist.
Try again.
could you do botswana or the bahamas next
Cut out business and political corruption, reduce import tariffs and growth will come naturally.
Please make a one video in iraq economy
Please do Morocco next
Lapset was not funded by china, as a TH-camr you should do your research, it was first funded by the East Africa community and later on AU decided to put some fund, since the project will connect the south and north of Africa through the east Africa.
Kenya is 3rd biggest economy in sub Sahara Africa not 4th
Taxes too are a huge problem, most especially to investors, both foreign and domestic.
The Economy of Kenya is a market-based economy with a few state enterprises.
The Batman of Africa
Please make a video about Uzbekistan
can you do cambodia economy
Nice
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My man! Just reported a spammer pretending to be me. Keep a look out 👍
Waiting for new vids
Please upload vedios
point of correction port of lamu has been funded by Kenyan government and the Chinese were only the contractors
Please come back to TH-cam!
A debt trap is technically inescapable. Corruption may not be effectively addressed. And the way froward is simply a big bet and a gamble.
fun fact Kenya did become an independant country in 1960 as a multi ethnic nation within british made borders. But before that the british empire gave Jubaland province to somalia as it was a somali inhabited region. The somali ihabited NEP of kenya (modern day garissa, wajir and mandera counties) also wanted to join Somalia but got almost ethnic cleansed and forced to stay in Kenya. The region has now no major importance to kenya but one might say that kenya is a bit of modern day colonial empire.
Do you understand the meaning of ethnic cleansing?
And every country in Africa is as a result of colonialisatioon not just Kenya
@@soupgod1448 Somalis think they were the only ones divided up. As shallow as it can get. All of Africa was divided up.
LOL
@@esem135 exactly bro
They always like to play the victim and they are the ones who discriminate against fellow 'bantu' Africans who they call jareers
They are anything but the victims
@@soupgod1448 actually the name jareer was never meant to be discriminatory. It means hard and it’s used for somalis or bantus who have a bit thicker afro. The word was made discriminatory by omanis who used it separate somali empires from the Swahili coast. And also I didn’t mean this to come out as oh am victim, but rather tell this person he forgot to put jubbaland with the rest of British East Africa
I am Kenyan and I know that Ethiopian economy has surpassed the Kenyan one. Let's rely on the world bank's facts. But Kenya has a greater potential of growth considering it's connectedness to several other countries.
You're wrong, know better 😬
What is the gdp of Ethiopia?
Don't forget Ethiopia has two or three times compared to to our population and this affects the bottom line per Capita income. An average Kenyan is three times better off than an Ethiopian in terms of quality life.
Is Ethiopia bigger in GDP than Kenya or the other way around?
Kenya’s GDP is the third largest in Sub-Saharan Africa behind Nigeria and South Africa. Ethiopia is not in the top 5.
Yeah but no political stability arent you murdering each other right now
@@dtwach6820 No we aren't lmao. Ethiopians are though.
The biggest issue against Kenyan people is the corruption according to my experiences in this great country.
It'a good documentary but with gaps.You left innovations,the best internet penetration and speed,the best hospitality industry,people and culture.BUT i believe service industry and hospitality is our future which will help in farm produce(food)consumption.
So what?? Watu wetu wako njaa, wengine wanaafa na ukame,wewe una ng'ang'ania .. biggest economy...
@@mpendakiswahili3053 They are dying because of poor infrastructure
@@mpendakiswahili3053 Video yenyewe haihusu ukame ama njaa! Kojoa ulale😁
Correction before I watch your video. Kenya is the 3rd Biggest Economy in Sub-Saharan Africa after South Africa. Thank you.
Kenya 🇰🇪 is a bigger economy than Ethiopia do your research well instead of uploading wrong information
Ethiopia is larger
@@ssavadia No it is not, maybe population wise.
9:47 an F for the capsizing fisher
The part about the port of lamu was funded by the taxpayers money but built by a Chinese company
20:56 Lane mathematics.
That's an old video. The highway has since been expanded and an expressway built over it.