Foreign investments dip by 9% to Sh77 billion

Kenya received investments worth Sh76.84 billion last year from foreign Governments and international organisations in 2014. Data from the Kenya Investment Authority (KenInvest) indicates that the investments decreased by 9.2 per cent in the period under review compared to Sh84.71 billion recorded in 2013.

KenInvest Managing Director Moses Ikiara said the country attracted substantial investments in the period under review despite numerous difficulties such as security threats and travel advisories. “Owing to the reforms the Government is undertaking in various economic sectors, more investors are expected into the country in coming years,” said Dr Ikiara. “We have achieved a number of milestones in terms of addressing the bottlenecks the country has been facing and thus expect to earn more investments.”