These economies, Kenya included, have become more integrated with the global economy, and are therefore exposed to external shocks largely through the linkages in the financial markets, foreign direct investment flows, as well as commodity prices. Growth in Sub-Saharan African (SSA) region has been held back in 2016 by the weak global economy, the decline in commodity prices, and uncertainty in the financial markets.
The most general statement is that many of the economies of Latin America have adopted more prudent and open policies that foster competition and participation in global markets. The adoption of these improved policies did not come out of thin air.