Kenya Investment Authority reports an increase in country’s foreign direct investments

Keninvest managing director Moses Ikiara. [Photo: Courtesy]

Kenya investment Authority has said that international firms have highly invested in the country with close to Sh740 billion over the previous five years. This trend saw foreign inflows reach at $1.1 billion a 45.54 percent of total investments in 2016 an upshot of foreign investments from African companies which doubled up to Sh35.82 billion.

Investments from countries outside Africa dropped by about Sh110.51 billion due to a global decline in foreign direct investments.