Foreign investors’ interest in decline, State data shows

Technicians at the KVM assembly plant in Thika mount an engine on the chassis of a Hyundai light truck. The number of new foreign firms registered in Kenya has dropped since 2014.

The number of new foreign companies registered in the country has declined sharply since 2013, signaling a tough business environment.

Latest data from the Kenya National Bureau of Statistics (KNBS) shows that 125 companies were registered in 2016, a decline of 68 per cent compared to 2013 when 400 foreign companies were registered.