From Ksh.0 to Ksh.79 billion in 12 months: Why Kenya's rich are investing in the Isle of Man

According to KNBS, the investment positions the Isle of Man as one of the top recipients of Kenyan foreign assets, surpassing long-established destinations such as the United Kingdom, the USA and Chin.....

✨ Key Highlights

Kenyan foreign investments experienced a significant shift in 2023, with Ksh.79.8 billion flowing into the Isle of Man, making it the top destination for Kenyan capital abroad, up from Ksh.0 in 2022.

Total Kenyan outbound investments rose from Ksh.245 billion in 2022 to Ksh.350 billion in 2023.
The Isle of Man, a British Crown Dependency, is attractive due to its zero per cent corporate tax rate and stable financial environment.
The 2024 Foreign Investment Survey Report by the Kenya National Bureau of Statistics (KNBS) highlighted this outflow trend, raising questions about capital management and oversight.

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