Capital flows into Kenya fall by 58pc

An aerial view of Nairobi. Foreign investors spent less on Kenya last year [FILE/Standard]

Foreign Direct Investment (FDI) and buying into Kenyan companies fell by more than half last year following turmoil in the United Kingdom after the Brexit vote.

Audit and consulting firm Ernst and Young says in the 2017 Africa Attractiveness Report that FDI fell 57.9 per cent while capital investment was down 55.5 per cent in 2016 compared to 2015.