Kenya ranked second in Africa as investment hub for global firms

Posted on : Wednesday , 24th December 2014

 Kenya is the second most preferred destination in Africa for multinational corporations seeking to set up shop, according to a US data vendor that tracks emerging markets.

Frontier Strategy Group ranked Kenya second with a score of 23.17 per cent after Nigeria which was top on the continent and globally with a score of 29.57 per cent.

Globally, Kenya was fifth behind Saudi Arabia (24.69 per cent), Vietnam (24.72 per cent) and Argentina which was second (24.72 per cent).

The index is based on input from 200 multinational corporations such as Coca Cola and General Electric.

Multinational corporations in technology, consumer goods, industrial and financial services sectors have been opening regional and continent headquarters in Nairobi in recent years.