US remains the biggest source of foreign capital into Kenya: Report

US President Barack Obama speaks during the Global Entrepreneurship Summit at the United Nations Compound in Nairobi on Saturday. [.PHOTO: ANDREW KILONZI/STANDARD]

The United States had the largest investors into projects in Kenya last year, accounting for 15.4 per cent of the capital inflows into the country.

A report that is likely to deal a fresh blow on the narrative that Kenya is facing East shows that the UK came in second at 11.3 per cent.