Kenya Sees Foreign Investment Uptick as Investors Balance Optimism with Hurdles

Foreign investors have raised concerns over electricity costs, regulatory bottlenecks, tax administration, corruption, as pressing hurdles..
✨ Key Highlights
A recent survey reveals that while foreign investors in Kenya are optimistic about the business environment, they face significant hurdles including
- The stock of foreign liabilities in Kenya grew by 3.4% to KSh 2.34 trillion in 2023, with FDI increasing by 8.5%.
- The survey was released by the Kenya National Bureau of Statistics (KNBS), the Central Bank of Kenya (CBK), and the Kenya Investment Authority (KenInvest).
- Europe, particularly the United Kingdom and the Netherlands, remains the largest source of foreign liabilities, while Africa, led by South Africa, is the second largest.
- Foreign investors reported a 3.3% rise in total employment, reaching 224,704 workers in 2023, with women accounting for 39.1% of the workforce.
- The finance and insurance sector attracted the largest share of FDI, followed by manufacturing and information and communication.
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Read the complete article from The Kenyan Wall Street