Kenya has been ranked second leading destination after Johannesburg

KTN News Apr 18,2017


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Nairobi city has been ranked as one of the leading destinations for fortune 500 companies establishing international headquarters in Africa. This is according to a report by Infomineo, which looks at multinationals looking at entering or already present in the middle east and Africa region.  According to the report, there was an overall 17% increase in the number of fortune 500 companies in the region in 2016 compared to 2015, with Johannesburg being the leading destination for Africa. Dubai was the most popular choice with 138 companies establishing a dedicated entity in the city. 38 companies up from 22 have established a regional headquarters in areas such as London, Brussels and Paris. However, the leading regional destinations on the fortune 500 lists include Dubai, Johannesburg, Casablanca, Nairobi, Lagos, and Cairo. Egypt remains behind the leaders due to political instability, however, it has seen a 250% increase in fortune 500 investment since 2015.