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Attractiveness: Kenya losing new foreign investors to Ethiopia

Ethiopia Prime Minister Abiy Ahmed. [File, Standard]

Kenya is losing its lead position in foreign direct investment (FDI) to Ethiopia. This has happened as new investors turn their focus on the latter following wide-ranging socio-economic reforms.

Recent research into foreign direct investment flowing to Eastern Africa indicates that Ethiopia is narrowing the gap in attracting new investment. It could surpass Kenya in the value and number of capital projects in less than two years.

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