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Stephen Jennings, Founder and CEO of Rendeavour, discusses his optimism about Kenya's modernization and the challenges of building affordable housing in a new city. They also explore the rising cost of living in Nairobi, government support for agricultural R&D, the lack of long-term projects and capital in Africa, and the complex nature of economic development. Additionally, they touch on the economic performance of New Zealand and the support for reforms and free trade in the business community.
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Quick takeaways
- African cities can foster agglomeration benefits through proper planning and thoughtful design, as exemplified by Tatu City in Nairobi, Kenya.
- Tatu City in Nairobi, Kenya, aims to create an inclusive city with world-class infrastructure, amenities, and a high standard of living.
Deep dives
Kenya's Path of Modernization and Economic Development
Kenya has achieved significant modernization and economic development since the 1980s. With an average of over 5% GDP growth, Kenya has made strides in infrastructure development, economic diversification, and political pluralism. The country has experienced a transition from one-party rule to a vibrant democracy and has seen improvements in various indicators of development, including school enrollment, life expectancy, and economic growth. Kenya's trajectory of development is supported by its more pluralistic political system, which has avoided coups and dictators common in other African nations.
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