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Bureaucracy, corruption killing investment

Kenya is ranked first as best performing and most powerful economy in East Africa, but this pole position may not last into the not so distant future if Kenya continues to sleep on the steering wheel.

Signs that Kenya’s economy could be overtaken include the fact that multinationals have started avoiding it as an investment destination of choice. In recent years, a number of multinationals in the oil, manufacturing and consumer industry have decamped, citing costly power, poor infrastructure, bureaucratic bottlenecks and official corruption in a long list of drawbacks.

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