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FDI inflows to Kenya double to Sh99bn in 2014

Published on July 14, 2015

Kenya’s 2014 foreign direct investment almost doubled, growing by 95.84 percent to Sh99.63 billion from Sh50.87 billion in 2013.

According to the latest figures from the United Nations Conference on Trade and Development, the country ranked 136 out of 189 countries in World Bank’s Ease of Doing Business report for the period to June 2014.

However, the reports says that Kenya trails her neighbours Tanzania, Uganda and Ethiopia in actual foreign direct inflows volumes.

The inflows represent a dismal 1.79 percent of gross domestic product estimated at Sh5.56 trillion in 2014, way below the 10 percent target under the long-term development blueprint, the Vision 2030.

East Africa FDI inflows increased 11 per cent to hit $68 billion. Read more. Source | Daily Nation