MARCH 2022 MBA MGT505, International Business

30
ASSIGNMENT COVER PAGE
No. Student’s Name Student’s ID
1. Luniva Taujale Lic-2231014

Lecturer Name : Mr. Tulsi Ram Pandey

Subject Code & Title : MGT505, International Business
Semester & Intake : 3rd Semester, 2022 March Intake
Assignment Topic : Article Review on: Kenya Is Poised to Become the ‘Singapore of Africa’
Announcement Date : 16th July, 2023
Submission Date : 26th July, 2023

ATTENTION:

1) 1 day late from the date of submission - 25% will be deducted.

2 days late from the date of submission - 50% will be deducted.
More than 2 days late from the date of submission - “0”grade will be awarded

2) Plagiarism - The University will not tolerate cheating, or assisting others to cheat, and views
cheating in coursework as serious academic offence. The work that a student submits for
grading must be the student’s own work, reflecting his or her learning. Where work from other
sources is used, it must be properly acknowledged and referenced.
MARCH 2022 MBA MGT505, International Business

ACKNOWLEDGEMENT

The report entitled “Article Review on: Kenya Is Poised to Become the Singapore of Africa”
is prepared for the partial fulfillment of the requirements for the degree of Master of Business
Administration offered by Lincoln University, on the basis of the class activities performed. I
would like to express our deep and sincere gratitude to Lincoln University, for providing
great opportunity to enhance our educational knowledge and build up skills of practical
working conditions.
Firstly, I would like to express our sincere gratitude to our International Business lecture Mr.
Tulsi Ram Pandey for the guidance, constant supervision and clarification. Secondly, we
extremely thankful to our MBA Program Coordinator Mr. Satyendra Upreti and the college
management for providing support. Finally, we would like to give sincere thanks teachers and
our classmates for making this study esteemed by providing consistent encouragement,
support, and congenial atmosphere to complete it.
MARCH 2022 MBA MGT505, International Business

Contents
Chapter 1: Introduction..........................................................................................................................1
Chapter 2: Summary..............................................................................................................................1
Chapter 3: Critical Analysis...................................................................................................................2
Chapter 4: Conclusion...........................................................................................................................2
MARCH 2022 MBA MGT505, International Business

Chapter 1: Introduction
The article “Kenya Is Poised to Become the Singapore of Africa” talks about Kenya being the
most promising country in sub-Saharan Africa for economic growth. It also outlines the
continent's growth prospects and the need for multinational corporations to establish a
presence in sub-Saharan Africa. Major issues faced by some of the leading countries of
Africa including Nigeria and Ethiopia are discussed and the convergence of economic and
political forces that position Kenya favorably in comparison to other African nations are
highlightened. The article further explores Kenya's advantages, including its English fluency,
attractive climate, geographic location, and potential in green energy that has contributed for
the its rapid growth.

Chapter 2: Summary
The article argues that Kenya is the most promising country in sub-Saharan Africa for
economic growth. With Africa being the fastest-growing continent and expected to account
for a quarter of the world's population by 2050, multinational corporations are increasingly
seeking a direct presence in sub-Saharan Africa. However, challenges in some leading
African nations, such as Nigeria, Ethiopia, and South Africa, make Kenya a more attractive
prospect for potential investors and corporate hubs.

Kenya's advantages include a reasonable level of English fluency, an appealing year-round

climate, and a growth rate of about 5.5% despite negative shocks to imported food and
energy prices. Additionally, Kenya's geographical position, with an extensive coastline on the
Indian Ocean and relatively easy access to China and India, enhances its appeal. The
country's progress in adopting renewable energy also presents an opportunity for foreign
companies looking to improve their green reputation. However, Kenya faces challenges in
attracting foreign direct investment, dealing with corruption, regulatory barriers, and political
instability.

Despite these concerns, Kenya's governance has been stable recently, and the 2022 election
was relatively successful. The government's efforts in preventing major terror attacks,
especially from Somalia-based groups, contribute to a positive outlook. While other African
regions may continue to evolve in various economic roles, the article suggests that Kenya's
growth is inevitable due to its growing population and strategic location.

1
MARCH 2022 MBA MGT505, International Business

Chapter 3: Critical Analysis

The article presents a compelling case for Kenya's economic prospects, highlighting its
growth rate, English fluency, climate, geographic advantages, and progress in renewable
energy. These factors indeed position Kenya as a potential hub for corporate investment in
East Africa. The mention of Kenya's stable governance and successful election adds
credibility to its potential for continued growth.

However, the article does not delve deeply into some of the challenges and concerns facing
Kenya, such as corruption and regulatory barriers, which can significantly impact the ease of
doing business. Additionally, while Kenya's English fluency is an advantage, the lack of
linguistic diversity may limit its reach within the broader African market.

The comparison between Kenya and other African nations is somewhat limited, as the focus
primarily centers on Nigeria, Ethiopia, and South Africa. A more comprehensive analysis of
the competitive landscape and an examination of Kenya's potential competitors in East Africa
would provide a more well-rounded view.

Furthermore, the article briefly acknowledges the importance of green energy for Kenya's
growth but fails to explore the potential impact of Kenya's expensive energy costs due to
taxes and poor regulation. This aspect could significantly affect foreign investment decisions
and requires further analysis.

Chapter 4: Conclusion
The article concludes that Kenya is a highly promising country in sub-Saharan Africa. It
emphasizes Kenya's growth potential due to its large population, favorable location, and
English fluency. It effectively highlights Kenya's potential for growth and investment in sub-
Saharan Africa and makes a persuasive case for its promising future. The article concludes
that Kenya's growth prospects are promising, driven by Africa's overall growth and its rapidly
increasing population.