In a note to investors, Standard Investment Bank says Kenya has quickly reinvented itself, offering incentives that could recover FDI flows this year. Kenya is among five countries (the key hub economies) that collectively attracted 58 per cent of Africa’s total FDI projects last year. Kenya, however, experienced a significant drop in outbound FDI projects from 36 in 2015 to 14 last year. The number of jobs created and capital investment also declined, with the United Kingdom - who were the biggest source of FDI projects - directing only a few of them in 2016. However, capital investment rose 31.9 per cent, primarily driven by capital-intensive projects in real estate, hospitality and construction, and transport and logistics.

Source: Standard Digital May 03, 2017 20:48 UTC