How Kenya is Becoming the Singapore of Africa | Economy of Kenya | Econ
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- เผยแพร่เมื่อ 22 มี.ค. 2024
- 🌍 With a young and educated population, Kenya is emerging as a regional economic powerhouse, boasting dynamic growth and a favorable business environment. 🚀 Kenya's strategic location, innovative advancements, and efforts to attract foreign investment draw parallels to Singapore's success story. 📈 So, how will Kenya's economic prosperity impact and potentially lead Africa's growth? 🤔 #economy #africa #africaneconomy #kenya
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You are awesome :)
You are the mehn 👌🫡
This felt like one big advert for Kenyan mobile money companies 😂
I can send you videos for this am in kenya
That's a lie not with corruption, high cost of power and high taxes..
like what is "INCLUSIVE" growth? "INCLUDING" WHOM? since IMPERIALISM has been INCLUDED by force of COLONIZATION from the day they COLONIZED the CONTINENT?!....ITURI-(aka "Afrika/aner")
KENYA was NOT POVERTY stricken, says ALL those who GREW UP in the 70s and 80s exchanging the 20pounds to 20shillings to ONE POUND! it was GROWING FAST in the 70s and 80s till the SAP were IMPOSED by IMPERIALISM.
KENYA does NOT WANT to be A SINGAPORE or CHINA which are ecnomically OWNED by FOREIGN MONOPOLY comapnies! WHEN these STATE CONTROLLED MONOPOLIES in RUSSIA LEFT RUSSIA basically COLLAPSED! SO KENYA is NOT LOOKING for IMPERIALISTIC "investment" but TO BECOME A MANUFACTURING HUB not a SOCIALIST SOCIAL WELFARE STATE invested by FOREIGNERS!....when this FOREIGN Mpesa LEAVES and returns to VODACOM its mother FINTECH, KENYAN FINTECH will just COLLAPSE!!...so WHAT good is THAT? in the LONG TERM?....
I am from Somalia and I believe Kenya is the only African country that lets other Africans to trade freely with out any problem.Kenya is home for all humans.
😂😂😂
It's true
in return people of somali origin are smuggling goods into kenya without going through the right process....or thats what you are calling trading freely
No it's not. Kenya is home for Kenyans
That's true bro✔️✔️
I am from Singapore. I wish Kenya good luck. The same goes to all African countries that are serious in improving the lives of their people.
❤
If only those parasites leave us alone!
We are also proud of Asia as a African I admire the growth of your economies!
hi can we date?😂😂😂❤️
classy
May kenya and its people be rich one day
Amen
We already are
Good luck from India. If Kenya grows, Indians will have a new place to look for jobs and residency.
We are rich already,we working to be richer😅
Well said @@geofreykipsang5760
All the love to Kenya from India 🇮🇳
Proud to be Kenyan🇰🇪
Every TH-camr has to make a video about Kenya since we kenyans watch everything about kenya on TH-cam.
Anyway kenyas biggest resource is its people focused, hardworking and goal oriented thats why we run and win marathons.
Hello I'm from Singapore
@@eliudmkondo4290 ata mi nko china nowadays
your older brother ethiopia also wins marathons!
@@user-dp2qx3dr6r Kenya has a big head start on marathons but Ethiopians are really good at mid range races below 10k km
@@eliudmkondo4290 will visit soon
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
Thanks to Mrs Maria Davis.
She's a licensed broker here in the states
YES!!! That's exactly her name (Deborah Davis) so many people have recommended highly about her and am just starting with her 😊 from Brisbane Australia🇦🇺
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony on CNBC news last week.
As an expat living in Kenya, I’ll say that Kenya is stable, welcoming to business, and has a lot of tech grads.
Who are jobless no jobs grads with no jobs say it
Bro u're an immigrant. Nice u're here have a great time.
Don't be fooled by the bubble that is gigiri and westlands.thats a gilded cage for so called expats
Stable how
@@ottomanpodcast No war or coups
Kenya was the first country in the whole world to invent mobile banking (Mpesa). More to that, Kenya is the only country that has a national park inside it's capital city, Nairobi, in the whole world
Do your research properly
@@allanr.okinyi8641 on which part
@@allanr.okinyi8641
What research??….
It's true actually, Kenya was the only country at one point that used mobile transactions, the system works well in the continent as it's young and growing. Kenya is the first to use a Mobile transaction system on the planet and it's success is the reason why it spread to multiple other nations@@allanr.okinyi8641
Yoh chill
I'm from Djibouti and glad Kenya is giving such a great example in our region, way to go Kenya!
Kenya has always impressed me. I'm therefore not surprised by this documentary. Well done my Kenyan brothers and sisters.
Kenyans are very welcoming ppl 🇸🇴🇸🇴🇸🇴
Kudos to Kenya from Nigeria. Despite their problens, their leadership and citizens are always working to inprove and advance their country with good socioeconomic policies and it shows. They clearly took the good aspects of what the British left them (democracy abd capitalism) and combined it with their own culture and practices to help advance their country.
Much love from Kenya.
it the same for us
We have no culture
but not much problems like Nigeria has😢😢😢 ...no water no electricity ..
@@joeliz4324 exactly. That's why I was praising Kenya. They actually have better government than we do.
Well done Kenya, Africa needs you to how us the way.
Respect to Kenyans for developing their economy in a sensible manner.
Kenya is dead Famm
@@nevillekipruto9504 😞
How come? Why do you say that?
@@oceejekwam6829 just another pessimist. there is lots of them here but it doesn't matter
@@nevillekipruto9504 bro why. They are doing amazing
@@patriot_2022 I think you are new to the matters pertaining Kenya economical struggles
Great assessment. One thing to note is that Kenya never gave importance to minerals and oil in the past and has risen mostly due to its human resources. But such interest has picked up over the years. In January 2024, the country announced the discovery of significant coltan deposits. The Constitution already has mechanisms to prevent challenges bedeviling other African countries, which include the classification of certain minerals to be of strategic imperative (such as coltan) and, hence, requiring a nationalized mining approach, rather than concessions to foreign companies. A geological survey revealed that the country may have over 900 different types of minerals. Therefore, besides adopting the Singapore model, the country can also leverage minerals to augment the strengths it currently enjoys.
Ive been looking into our mineral Laws etc, cause thats a concern i also had..... My Ideology- ( If it wont benefit everyone - leave it in the ground) -- And not an ounce should be dug up until factories are built FIRST!!!
We all know what will happen if these minerals are commercially exploited. The proceeds will only line the pockets of few powerful individuals. Won't benefit the rest of the country.
Kenyan here, I've seen a lot of those geo-spacial surveys and I doubt we'll mine for most of those minerals coz most of them offer insufficient deposits.
Our law also requires mining companies to initiate land reforms after exploiting land and most companies don't want to coz it eat into their profits.
yet we have them all but we choose not to exploit
Similar with the USA 🇺🇸, which when starting out didn't have a dependence of minerals and fossil energy. It depend on its Human Capacity, unlike the South American Countries.
Atleast someone is optimistic about our situation
I have been around Africa kenya is suprisingly miles ahead compared to the other countries in subsahara Africa, visit burundi and you will run back and kiss kenya
Kenya is veeery positively thought of outside.... its our politics that change it at home
Someone who has never been
@@alexkibe4179 Kenyans are very self-critical. It actually bodes well for future improvement.
We are really our own enemies🤣
Love Kenya from Ethiopia ❤️🤝🏿
Ppl are so salty in the comments lol why don’t you negate one thing he said?Im Nairobi born and raised.We’ve worked through low and high water for our kids to have a better world.And we will still continue.Bet.
Haha, they think they know more than Google, AWS, Intel, General Electric, Microsoft and other guys with their African HQ in Nairobi.
Challenge accepted.
white people hates it when asians and africans are developing.
Its only Nairobi that us developing whar about other counties
@@arafatbashir576 when you see an African country developing you can never give credit to the locals but to the west?We were a British colony and we fought for our independence,MauMau.We used to give aid to Singapore in the 70s.We built our own.
I heard the same thing about Rwanda years ago. Shout out to Kenya! I hope they continue with Economic growth and development!
Rwanda 😂 that is a land locked country they rely on others with a port for anything
Facts. @@prot6liv981
Rwanda is copying Kenya's blueprint, we are their Daddy
Bro, our fourth largest City's economy is larger than........
It's absolutely impressive how thoroughly you have done your homework. I certainly didn't expect anything even close to how accurate this video is. This is a true picture of the Kenya we're currently grappling with.
haha
😂😂😂damn
Did you know that once leaders of Singapore and Malaysia came to Kenya for benchmarking on how to run a robust economy in the 70s?
Once Kenya even gave loans to South Korea, and even sent food aid to the Koreas during the Korean war?
😂😂😂😂😂😂😂😂😂yooooooo
Yep, it's true
😮😮 sure if politics hadn't messed up Kenya we'd be at par with Singapore
Moi was the biggest downfall for Kenya
Then Moi came in and let the IMF/World Bank run the show, just like his student Ruto has done.
THese 2 men are agents of the west and kenyans are fools for electing a person that doesn't know what he is doing.
This is why we're building a luxury Estate in Kenya
Tell them Wakesho!
Wea
What luxury estates grab lands on riparian lands which are mostly grabbed no drainage light and unplanned
@@e2oet706 not true but if that's what you think ok
Instead of judging Kenya from just this video i challange you to do extra research on Kenya and you will understand why the biggest companies in the world and international bodies choose Kenya as host to their regional headquater offices.Also i read an article on why a quater of staff in Newyork based UN offices will be moved to Nairobi Kenya year 2024-2025 inorder to serve the region from there.Trust me you will find something exceptional and special about kenya compared to other African countries.
Let's hope that neo-colonial tendencies don't corrupt the country - multinational corporations often control economic policy to suit themselves than the citizens
Name the companies...lol..
Youre speaking my mind, this mini-docu was biased and really shallow in terms of the real drivers of the Economical change
Its like an essay written by a high schooler
We are becaming liars no jobs political interference this nation is starting to collapse slowly when you chase all investors by overtaxing investors what do you expect every president has his own policy every 5 to 10 years they cause disruption to businesses we are just smart but people are catching up with us
😂😂😂😂
In kenya, we don't have oil, we don't have gold.We are not endowed with mineral like other African countries.No government social welfare ....
We either strife to succeed or perish.
Kenya has oil in Turkana and gold deposits in Western Kenya. What are you talking about? It's just that we have never depended on minerals to build our economy. Instead, we value service. Hence tourism, IT, agriculture, etc.
We've also got great deposits of coal, uranium, rare earth minerals
Actually, we have all of that. Only that, it's like someone made sure we will not utilize any of it.
There is huge gold reserves in Kakamega that no one is doing anything about.
There is massive oil in Turkana, and potentially gas in the South Rift regions (had rumours awhile back about gas somewhere, which they are keeping secret until some important people have the land)
And what is really happening to the oil in Turkana ?
Then recently they said we have coltan in several places. All of those minerals, and all those we used to read about in primary school social studies ?
The problem is clueless governments, that never come to power with the intent to grow and diversify (things they talk about a lot), but only to control sharing of the little resources we have.
Haven't you seen them lately go to benchmark in Tanzania about "how minerals can be used to drive economic growth" ? I bet the Tanzanians were surprised
@@rosam674 It's not just "depend". We do nothing with the minerals we have. Can you imagine, the majority of mineral exploitation going on is artisanal. It is the locals sitting there in the sun and hitting rocks with nyundos, they sell very cheaply, and then the government celebrates that and they say they are improving our lives by supporting artisanal mining. Instead of establishing state mining companies and doing something serious.
Even heard that people have been selling coltan for years in Embu to business people from Rwanda. Smart Rwandans surveyed the region with their intelligence services, and found out about Coltan in Kenya before the Kenyan government did.
The locals have been crushing those rocks and selling to Rwandans without even knowing what they are, or why.
How stupid our governments are! And far worse when you think of people like RiggyG leading decision making.
Ruto is said to be smart, but he is not any different. Only good at filling his stomach.
Otherwise he would never have time for the kind of people that form his administration.
Africa is full of mineral resources. Kenya too has its share. The resource rich African countries have been and continue to be harassed and bullied.
Kenyan politicians have more wealth than any country in the world... Am surprised you didn't highlight on the wealth divide... As a fact Kenyan politicians are responsible for most regional foreign investments... Africa has one problem...*Leadership*!
False.
Must you throw a spanner in the works when someone is trying to market us? 😕
That is why they are great example to look up to follow so we can enrich ourselves as well. We just need to pull ourselves up by our bootstraps. Hakuna Matata!!!🎉
You pulled that out of your a s s. Nothing more annoying than an expatriated Kenyan pissing on the country from afar. Enjoy your new home and leave alone to solve our issues. Move on.
😅😅 you think they are the richest??? The true rich in kenya are very quiet. Living in affluent neighbourhoods, you never see super cars, but they are there.... i hate it!
May God Bless my motherland Kenya
Am a Kenyan but am not sure we are heading towards that direction. Singapore had the most efficient leadership led by lee Kwan Yew. Kenya is an amazing country but corruption is an issue
We're okay.
Believe me Kenya is doing better than most third world countries.
@@Mzalendo2295 "Third world countries" is a derogatory phrase.
But Kenya is only richer than its african neighbours, outside of the continent your country is fourth world. You don't even have nice roads there. Nigeria does. Sorry for telling the truth.
@@rosam674 lol! Developing country or third world is one and same, that's the harsh reality.
It's so sad to see South Africa,Egypt,Nigeria and morrocco fall somewhat out of discussion when it comes to rising economys. But it's good to see Rwanda,Ethopia and Kenya(even though they have alot of debt)rise up.
We Kenyans are experiencing the worst economic hardship since independence because of poor leadership from the top of the government,,other than that my country is a Gem 💎 full of wonderful industries people
As a Kenyan we are very welcoming.
Why r people so bitter?? Wooi. Just go watch videos praising ur own countries,,if any😂😂
I don’t doubt Kenya at all,we are far far ahead compared with other countries that I have visited,that doesn’t mean we don’t have challenges
As a Kenyan i can say bro really did his research 🤝🏾
Agreed!
roho safi!
Thank you for featuring Kenya❤
Thanks for the video! 👌
Fine tuning governance and eradication of corruption would accelerate the pace of Kenya's growth to unprecedented levels. In addition to improving access to capital. Highly educated manpower, top level connectivity and perfect geo location.
I am happy that Africa can change and from a continent known for poverty but soon to a continent like Europe and North America
As a kenyan citizen,thank you for the insight...God bless you ❤❤
Great feature. Just a correction. The railway is not Chinese funded, it's Chinese built. It's not a grant but a loan
Much love ❤
Hello i am from singapore
Do you know Joseph prince ? I love him ... I hope he comes to Kenya one day
I'm from Kenya, can we swap countries? 🙃
@@dennomuli😂😂😂
Hi, your leader laid a robust foundation.
kenyans are smarter than you.
Excellent video report. Very positive outlook for Africa
True. Kenya has a remarkable potential
I love this kind of positive reporting congratulations to the repoter
Welcome to my homeland 🇰🇪... Home to all human kind
Karibu Kenya, welcome to Kenya home of marathons
Hey! I love your videos keep up! I just wanted to ask you to make a video about Tunisia, because i dont understand how it got here (in the bad and the good)
Kenya rise! we are happy for you! ❤❤❤
Another Econ Banger!
This is so good for me to hear,!! Now am definitely starting my business soon as I know there is market 😩😩😩
Kenya take Human Capital very serious whereas other african countries mostly focus on physical capital
you have to get every part of Kenya you are only showing the poor areas and ancient footage, Kenya is now miles from this footage
Surprisingly accurate assessment of the state of the country's economy and factors surrounding it. Commendable job Econ.
Hyped. We long way, we will get there.
Am pure kenyan love my country ❤
Proudly Kenyan 🇰🇪🇰🇪 Hakuna Matata❤
I am from India. I wish all the best to Kenya.
Would love to hear more about Konza city and Kenyan VC and tech.
Quite an informative video
We🇰🇪🇰🇪🇰🇪🇰🇪🇰🇪 are the Next super power of Africa
the situation in the streets is very different from this
You'll never appreciate until you move to Kampala or Dar.... Huko ni ushago my friend.
Great video, do one about Mozambique next please
Thank you! God bless our nation
in Singapore interest on bonds and bank deposits is tax free , while in Kenya is subject to a 10% withholding tax. Kenya financial hub ? I doubt it.
Why do all african vloggers and content creators flock to kenya to boost their subscribers base??,,,,
Because Kenya is the technological hub of Africa and the fastest developing country in the world
Coz we has kenyans use most of our time on internet,
Many kenyans have internet so companies actually pay for online ads to gain more customers. Also data is cheaper so longform content is consumed much more than other many African countries. Very tech saavy group actually, they try
They realised that kenyans react positively when praised
@@AFRICANVINTAGE what normal human beings react negatively when praised?
Called it again!
When i was a kid, i found a book about Kenya in the school library. Kenya seemed to be a good country based on that book. That was decades ago.
Kenya next Singapore! though economically better than most of African country but Kenya is not close to be be called next Singapore
It is very practical... It is already the business & logistics hub in the region.
There are pros and cons. I hope Kenya doesn't become a dense mass of concrete and foreign capital like Singapore.
GDP per capita of 1500 vs. 105000 needs wild imagination
@@NewmaticKetends to happen when you have a Seventh the population of the other.
Ok Mohammed...
Through high and low waters we have made as Nairobi born and Raised.A Frontline worker in TX right now but we support our City from wherever we are.
Dad was Chief Engineer Communications 75 to 95 he built an infrastructure to be rivaled.Was a genius.His friend from University was my doctor..told me how brilliant Dad was.Best internet in Africa.
Kudos to your dad... You're so passionate about Kenya..
@@portiaaudi4406 Yes very Patriotic to both Countries as a Kenyan American.America which has given me an opportunity to help both countries.
I can't believe this although I am a Kenyan because the expenses for living Kenya are relatively higher compared to other east African countries
keep it up congratulations
#Kenya #Nairobi #Mombasa
The found resources found in somalia and having the longest coast in Africa can easily make Somalia the power house, Hope turkiye deal and contracts for oil. The UAE loves to see somalia down...im proud of kenya for being the top because it inspires other neighbors to become a strong region. I just hope africans can put aside hate against one another and work together to make the continent strong...
SO TRUE
Am happy for my country kenya . God bless my country .
Great documentary I am impressed 💯
There's a saying in Kenya, "even if you are up at 4 am everyday, without connections youre just wasting sleep".......Kenya is only good to foreigners looking to invest but miserable for most locals, resources and opportunities are hoarded by cartels and politicians, the last two generations of youth will not be able to start families let alone work in what they studied............it has led to a silent but potent culture of envy and resentment and avarice that is invisible to outsiders who are looking in, most kenyans when they are alone silently and bitterly ask themselves " why not me"? .......and then comes religion.......
I feel this fastest growing economy news is meant for investors.
Ruto is our problem..... Our BIGGEST PROBLEM
That one is indeed our ONLY problem
The greatest challenge/problem is the foundation ?? Let's join hands together and rebuild our nation
hard times and challenges makes great men!!Meru proverbs
Singapore is a tiny island on a key shipping route in the most populous part of the world. Only Singapore can do what Singapore does. I wish the very best for Kenya but it has different strengths than Kenya does
Kwa ground vitu ni different.
Watu hawazai baba
I know a paid-for ad when I see one, lol!
Are there free for ad if I may ask politely?
Where are you from? I guess Uganda. Why don't you state your facts and call out the bullshit in this video, stop the jealousy.
Someone Paid an Ad to talk about about corruption, inequality & high debt?
@@kevinchege6323 A quick Google search with Kenya's presidents' name plus the word 'corruption' brings back over 300 articles in which he's implicated. That signals to two things: a weak prosecution/judicial system and the rot in your nation. The odds of the sun rising in the West are higher than Kenya becoming a Singapore lol!
Mpesa
Top day from Papua New Guinea. I enjoyed watching your contents.
About freaking time!
There was no need of comparing Kenya to Singapore. The rest of the video was okay.
Nice indeed.
What picture are you showing with the monorail and the river? Is it the Philippines
or Kenya??
Am not surprised...it's clear which country has its priority right
Where few politicians control the huge wealth of the country
infact. Thieves. Not even politicians
This is an assumption. Corporates are the powerhouse.
The new constitution has made it difficult to just take away public funds and enrich yourself without dire consequences. Many politician accounts are frozen. We thank God for tremendous strides in our Judiciary. Very independent.
Angalo?
Yes... Kenya is coming through....
My country my pride God is our shield we really acknowledge him as our protector
Rwanda is next Singapore
Nigeria is next China
Vietnam is next China
Bangladesh next China
Kenya is next Singapore
You guys dont stop do you
No they don’t and they shouldn’t they are making strides congratulations to them
@@Dixonmcdixon They are
clickbaiting
Only showing positive side or
Claiming short time growth as decade worth of success
@@hewas_chewasky here in America they only show the positive side to the rest of the world, have you complained about that too?is advertising something supposed to be negative or positive? Tell me one advert from food to country to vehicles that is not clickbait?? Hatred towards Africa is the biggest sin in mankind history
@@hewas_chewasky I asked you a question but you deviated from it meaning you actually said what you believe but not what the facts say. Remember you are entitled to your beliefs but you are not entitled to your own facts. Now can you reach my post and answer the questions if you want to be speak your truth
@@Dixonmcdixon Question about US? I'm not a US supporter and
US not the best country out there but definitely it is one of the best
Its 100X better than African countries combined
Look at per capita, HDI,Stability, population, GDP
Everything US solos
Even Bangladesh & Vietnam which were colony and had more brutal war in recent history are growing better than resources rich Africa
Tho I don't care about Africa
I was not talking about Africa I was talking about clickbait and catchy name of the video
did he just cut off the top part of africa? why??????
exactly! how stupid
Colour bar.
A nation in sub sahara region was his main topic.
Notice how he uses "sub saharan Africa"
I don't get it either, there's blacks there, but those arabs are ruling class.
@@22ndCenturyBasterdcalm yourself. Most North African countries don't consider themselves african.
❤ I love that you included akshi chi as India's
Our magical Kenya,we are going far ,God is in control,we wanna be at the top of this part of the world,and it shall come to pass.
Nigeria 🇳🇬 and South Africa 🇿🇦 might have the largest economies in Africa but they just don’t cut it anymore! And without even urging these two countries to respectfully move over and make way for Kenya 🇰🇪, investors are actually taking notice of the business friendly policies and conducive environment in Kenya 🇰🇪 and taking action!
The fact that Kenya attracted the highest amount of venture capital funding in Africa in 2023 at $800 million, (beating SA, Nigeria and Egypt) is proof enough that Kenya is not joking around anymore!
But Ruto is. He might be the biggest saboteur of Kenyan dreams
@@patriot_2022give the guy the benefit of doubt. Uncle Bill is not all that clueless.
@@portiaaudi4406 Oh I seriously hope he isn't. Because it will be very sad for us.
But so far not so good.
Wait, $800 Million in venture capital funding for an entire country in a year is enough to beat SA, Nigeria, Egypt and match Kenya? Damn. Really puts into perspective how massive just a single Unicorn is. Forget Decacorns. I guess Indian startups really are awash in money, with 5 decacorns and Gods know how many Unicorns. And Chinese and Americans have even larger startup ecosystems.
While Kenya has the potential to be an economic powerhouse, the current direction of the country is dire. The politicians are corrupt and not invested in developing the country.
I guess you weren't listening and only want to listen to the dirge replying in your head.
That's my opinion. You are entitled to yours too@@njambizzy
True. Our youth need to look at where exactly we're heading, if it's a fitting direction, if those leading us there despite loud rhetoric and PR are up to the job and merit their jobs by their accomplishments or by poor politics. We the youth are 80% of the population and can mobilise our knowledge and numbers to put forth worthy leaders for elections and phase out those who have continuously let down our country by either doing their jobs partially or not at all while burdening our generation with huge debts for which we see non commensurate results.
great video. Pls do on other East African countries too
Very good video🎉