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Region’s FDI hits $7b, boosted by flows into Kenya, Burundi

Published on July 29, 2015

Kenya and Burundi’s 2014 foreign direct investment grew significantly, pushing the overall regional [FDI] inflows past the $7 billion mark.

This is according to the latest report released by the United Nations Conference on Trade and Development (UNCTAD).

Kenya’s inflows grew by 95.84 per cent to $989 million, from $505 million in 2013, while Burundi’s rose five fold to $32 million last year, up from $6 million.

The World Investment Report 2015 showed that the East African region had a combined total FDI inflow of $7.09 billion last year, up from $6.2 billion in 2013, with Rwanda and Uganda registering $267.7 million and $1.14 billion respectively. Read more. Source | The East African