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Nairobi outsprints peers as place to invest in Africa, says new report

Published on March 18, 2015

Discovery of oil, mining and investment in energy, roads and port projects have seen Nairobi ranked as the most attractive destination for foreign direct investment in Africa, says a report.

Kenya's capital city is now the regional financial services hub only rivaled by Johannesburg on the continent.

“Nairobi outscores all African cities in FDI,” PWC says in the report titled Into Africa: The Continent’s Cities of Opportunity. Twenty African cities considered among the most dynamic and focused on the future are Abidjan, Accra, Addis Ababa, Algiers, Antananarivo, Cairo, Casablanca, Dakar, Dar-es-Salaam, Douala, Johannesburg, Kampala, Kigali, Kinshasa, Lagos, Luanda, Lusaka, Maputo, Nairobi and Tunis. Read more. Source | Daily Nation.