Kenya’s blueprint for funding Africa’s future

For decades, the dominant story of African development has been one of dependency: waiting for the World Bank loan, the International Monetary Fund (IMF) arrangement, the donor conference, the debt relief round. That story is not entirely wrong. But it is dangerously incomplete. And Kenya, with little fanfare, is writing a different one.

Over the past few years, Kenya has enacted a sweep of legislation that amounts to the most ambitious domestic capital mobilisation framework on the African continent.