Yes, definitely an interesting article. Some of the points that stood out for me:
* The shoe factory (with its jobs etc.) is my idea of a good story---an excellent start in changing from simply going to China to borrow money. Right now, countries like Vietnam, Thailand, Indonesia etc. are taking advantage of rising labour costs in China, and some of them could well be the next "Asian Boom". In contrast, much of Africa, with its cheap, youthful labour does not seem to be vigorously following that path.
* The various comments on corruption in Kenya---from tenders to security---seem to be on the mark.
* A real question remains as to whether large infrastructure projects, say, can really bring about lasting economic transformation without the "dynamism of capitalism". (I don't see the author as being negative for asking this.) To the extent that one thinks it is possible, one need only look at former East European countries or even North Korea today.
It is intriguing to imagine where a place like Kenya could go if its "dynamic capitalists" had a competent government, lead by sober people, and even just half the current levels of corruption.