Category Archives: Kenya

Kenya, Nigeria, South Africa

Africa’s direct investment rebound

The number of foreign direct investment (FDI) projects in Africa increased by 6 % in 2017, despite the continent experiencing sluggish growth, according to a report by EY. The top five FDI destinations – which accounted for over half of total investment – were South Africa, Morocco, Kenya, Nigeria and Ethiopia. The uptick in projects came as economic growth in Africa recovered following the lowest growth in over 20 years in 2016.

Source: African Business, Dec/jan 2ß10

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Kenya

Kenya to grow 6.2 % in 2018

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East Africa’s leading economy will grow by at least 6.2 % in the 2018/2019 financial year if good policies  are in place, according to Central Bank of Kenya Governor Patrick Neroge. He stressed fiscal policy, review of the interest rate cap law, strengthening of the banking sector and further progress in ease of doing business as key factors in pushing growth.

Source: African Business, February 2018

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