Only last year, Kenya invested in 36 projects in the continent beating South Africa’s record of 33 in the same year. According to a study by Ernst & Young, Kenya allocated most of its investments to countries within the East African Community.
The study said Kenya’s global ranking as a source of foreign direct investment (FDI) to the African continent also improved strongly to the seventh position in 2015 from 13th in 2014.
When questioned about the study, Rich Management CEO Aly Stachu said that “Kenya and East Africa is shining bright and even brighter in the comparison with its peers. Kenya is very much the leader in this region and because of a good component of diversification, is maintaining a strong rate of GDP expansion,”
Kenya’s favorite investment continues being in services, with financial and business services accounting for nearly 78% of those projects.