Dar tops in investor destination group

Bilateral trade between Kenya and Tanzania is set to increase following the operationalization of the One Stop Border Post at Taveta border post and the tarmacking of the Mwatate-Taveta road which ends in December. [Photo by Gideon Maundu/Standard]

Tanzania has beaten Uganda and the US to become the main destination of investment for enterprises and investors in Kenya.

Recent figures on Kenya’s investment stock across the world indicate a gradual shift in investor preferences, with Tanzania and South Africa now emerging as key investment destinations.