International investors choose South Africa, Nigeria and Kenya as top 3 in 2011

Nicholas Sowden, Business Development Manager at ToughStuff, Kenya:

‘The Kenyan economy is growing at a blazing rate and has done so for the last 3 years. We expect this to continue into next year. Nairobi’s as the regional hub for East Africa is becoming more important with the integration of the East Africa Community. For this reason dozens of companies are moving their regional and continental head quarters to Nairobi supported by the ease of travel and a pleasant lifestyle. This means that industries such as Construction, real estate and services to corporations are growing steadily and will continue to do so. Additionally, Kenya is taking advantage of Southern Sudan’s likelihood of joining the East African Community by creating a port in Lamu. This is further boost Kenya’s regional importance over the next several decades. Anyone interested in mobile and ICT technology will be drawn to Kenya. Its leading when comes to software developers, computer science colleges, incubators like i-Hub and others. Finally, the phenomenal success of the mobile payment system Mpesa will attract others who are interested in the opportunities offered by a country where a majority of the people now use their mobile phones for monetary transactions. In terms of entrepreneurship, Nairobi is and will continue to be one of the best environments for innovation in Africa. 3 great schools are turning out qualified engineers, computer scientists and business students. These graduates are getting jobs with successful companies and learning quickly. For the first time we’re seeing a bounty of talented young professionals in Africa taking risks by starting their own businesses or returning home from abroad to start businesses.’


Please read the who article here http://vc4afri.ca/amac7