Kenyan intellectual thinks it is Africa’s turn to be the recipient of solid investments by rich westerners. Read the arguments he makes for this:
Africa today contributes barely 1.5% to world trade, but its future is brighter than that number might suggest. The continent has a growing middle class, institutions that are investing heavily in infrastructure, and in another decade, it will emerge as a market of one billion consumers. Elkanah Odembo, Kenya’s ambassador to the U.S., visited Wharton recently and spoke with Knowledge@Wharton about the potential rewards and risks of investing in Africa.