Kenya FDI inflows pick up, hit $382.3m in quarter two of 2013
Renewed optimism in the economy and recent deals Kenya has signed with China and Nigeria should attract more investors. FILE
The value of Kenya’s foreign direct investments shot up 87.5 per cent in the three months to June, new data shows, reversing a sharp drop in the previous quarter occasioned by election jitters.
New FDI inflows into the country rose to Ksh32.4 billion ($382.3 million) during the quarter, up from the Ksh3.9 billion ($47 million) that came in between January and March, the latest data by the Kenya Investment Authority (KenInvest) shows.
