Kenya overtakes SA as biggest investor in African countries

Posted on : Tuesday , 2nd August 2016

Nairobi - Kenya has overtaken South Africa as the biggest investor in African countries.

It invested in 36 projects in other parts of the continent last year, compared to South Africa’s 33.

According to a report by Ernst & Young, Kenya’s Foreign Direct Investment (FDI) also went up six positions - from 13th in 2014, to 7th last year reports. The report added that 78% of financial and business services originated from Kenya.

Real estate, renewable and geothermal energy, as well as roads and railways, are the fastest growing sectors in Kenya, with local banks also venturing into volatile environments such as South Sudan and Somalia.

In 2015, East Africa achieved 26.3% of total projects, while in southern Africa, projects were down 11.6% from 2014 levels.

Earlier reports had ranked South Africa, Nigeria and Kenya as the most attractive investment destinations in Sub-Saharan Africa - in that order.

Ernst & Young, however, points out that economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to 15 years.

Source : www.news24.com

OUR ASSOCIATES

EXPOGROUP

Expogroup is a full service exhibition organiser with over eighteen years experience in International.Trade Exhibitions and Events. Our current portfolio includes 20 annual exhibitions from a diverse range of industries being held across the Middle East & Africa.

WELCOME TO EXPOGROUP

EVENTS PREVIEW

BUILDEXPO AFRICA