"Kenyan Robert Keter, a former world-class runner, is busy investing the proceeds of the telecom venture CDR, which he co-founded in 2000 and ran profitably until the Kenyan government abruptly shut him down for no apparent reason. Keter was recruited into business by Monique Maddy, a Liberian entrepreneur with a Harvard MBA (who is now offering advice to Google on global anti-poverty programs). CDR was offering customers voice over Internet protocol long before the service was made mainstream by Skype and Vonage. The company did so well during its brief operation that Keter and his U.S.-based partners decided to raise money to help rebuild a school in his home village of Kericho, located in the tea-growing region of the Kenyan highlands. Keter also used part of his earnings to purchase a tea farm, where he employs more than 400 workers.We might add that development will depend on government that enforces property rights and contracts, and government that reduces predation instead of thriving on predation [ see, for example, Mancur Olson ]. Economic prosperity comes with economic liberty.
The West's focus on sensational tragedies obscures the achievements of people such as Patrick Awuah and Robert Keter, who are succeeding even against tremendous odds. Economic development in Africa will depend -- as it has elsewhere and throughout the history of the modern world -- on the success of private-sector entrepreneurs, social entrepreneurs and African political reformers. It will not depend on the activities of patronizing, bureaucratic, unaccountable and poorly informed outsiders."
Wednesday, February 15, 2006