20150530-inc403.pngAfrica’s economy is growing steadily. Last year average growth was 3.9% and it is set to accelerate this year, according to a report by the African Development Bank. Foreign direct investment (FDI) is helping to spur growth. It is expected to reach $55 billion in 2015, 20% higher than in 2010. Inflows of capital are increasingly focused on less resource-rich countries, as investors target the continent’s booming middle classes. The amount of investment into technology, retail and business services increased by 17 percentage points between 2007 and 2013. Foreign investment is also becoming more of a two-way affair. Last year Africa’s outward investment hit $11.4 billion, up by nearly two-fifths since 2011-12
By Dr.Paul Bundi Karau I arrived at Kanyakine High School on 18th February 1999 a small village boy. I had never been to a boarding school, and certainly this is the furthest from home I had ever gone. The boys who were assigned to escort me to Mungania dorm looked at my stunted height and loudly wondered how I would survive in Beast's school. "Who is Beast?" I asked in bewilderment. "You will know." Musyoki answered curtly. It didn't take me long to know who Beast was. The following day, as the 10 o'clock tea was being served, I heard a commotion, with boys leaving their tea and running helter-skelter towards the classrooms. I was a fresh mono, so I didn't know what was happening. I ran along the pavement, and came upon a mighty man, who appeared to be adjusting his trousers. He yanked his belt and thrust one whip towards me. I had encountered Beast himself. He was tall, imposing, burly and endowed with a thunderous voice that could re...
Comments