The Kenya National Chamber of Commerce and Industry expects a drop in foreign direct investments this year due to drought and jitters around the August 8 general election. “There is a small go-slow, so we are expecting the GDP to slightly drop during the election year." However, KNCCI vice chairman Laban Onditi said the ravaging drought being experienced in the country was as a result of poor planning. KNCCI in collaboration the Kenya Vision 2030, Aremant Group, Kenya Investment Authority and Brand Kenya Board yesterday announced a $2 million (Sh207.9 million) investment at the summit to be held in Kisumu. The Lake Basin Expo and Investment Summit will be the first in a series of such events planned for the other regional economic blocs in the country to take place over the year.

Source: The Star January 25, 2017 02:07 UTC