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Foreign investment in Kenya falls 37 per cent to Sh225 billion

Published on December 02, 2015

Foreign direct investment (FDI) to Kenya fell by 37 per cent last year, making the country the 10th most popular African destination for global capital.
Kenya recorded $2.2 billion (Sh225 billion) in capital investments in 2014, down from $3 billion (Sh306.8 billion) in 2013. Egypt emerged the top destination for FDIs to Africa, raking in $17.9 billion (Sh1.8 trillion), with Angola coming in second at $16.1 billion (Sh1.6 trillion). Nigeria closed the top three group with $10 billion (Sh1 trillion) in capital investment in 2014, according to new data from the Financial Times’ FDI intelligence report. “Africa’s attractiveness is becoming more visible to large corporations, institutions and investors,” read a statement by Carlos Lopes, the executive secretary of the UN Economic Commission for Africa (UNECA).
Read more. Source | Standard Digital