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April 14, 2010

Competition for Resources Fuels Rapid Infrastructure Development for Kenya


Competition for Africa's vast natural resources has intensified between two of Asia's economic giants. As China and Japan vie for access to east Africa's growing market, Kenya, the region's economic hub, is reaping the benefits.

The Kenyan economy is poised for major growth as billions of dollars in infrastructure development projects have poured into the country in the past few years. But the money has not come from the county's traditional sources of funding, North America and Europe.

Instead it is relative newcomers to Africa, China and Japan, who are funding infrastructure development in the east African nation.

Full Story...

Posted by mopeng at April 14, 2010 12:27 AM