Data Hub Kenya lags Tanzania and Uganda foreign direct investor dealsBy CONSTANT MUNDAMore by this AuthorKenya’s stock of foreign direct investments (FDIs) grew a modest 4.48 percent last year, largely signalling a slowdown in deals in ICT and project finance in infrastructure development, including oil and gas. This is after the FDI flows into Kenya’s enterprises last year slowed to $448 million (Sh52.42 billion) from $717 million (Sh83.89 billion) in 2020. The 37.52 percent dip in foreign investment deals bucked a recovery trend from the pandemic in Eastern Africa where FDIs jumped 35 percent to an estimated $8.2 billion (Sh959.4 billion). The proposed changes to the laws were geared at refreshing the incentive packages for investors in line with Kenya Investment Policy, unveiled on November 6, 2019. Globally, FDI flows amounted to $1.58 trillion (Sh184.86 trillion), a 64 percent jump over the pandemic year.

Source: The North Africa Journal June 12, 2022 22:25 UTC