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Foreign direct inflows hit record Sh164.8bn high

Published on June 17, 2019

Kenya’s foreign direct investment (FDI) rose 27.53 percent in 2018 to hit a new high of Sh164.84 billion driven by increased flows into manufacturing, chemicals, hospitality, and oil and gas, World Investment 2019 report suggests. The report by the United Nations Conference on Trade and Development (UNCTAD) indicates foreign investments last year were Sh13.69 billion more than 2017 whose inflows have been revised upwards to Sh129.26 billion from Sh68.13 billion. "The country has been making strides to facilitate private enterprise and foreign investment, which are contributing to increasing FDI," UNCTAD says in the report published late Wednesday. Read more. Source | Business Daily

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