Kenya’s foreign investments, excluding those from EAC member countries, declined to $374.6 million in 2023 from $710.21 million during a difficult period characterised by a depreciating currency, high interests, rising inflation, dollar shortage and negative returns from the Nairobi Securities Exchange.
East African Community Secretariat disclosures show that the 47.2 percent drop coincided with number of projects implemented by foreign investors declining by 43 percent to 146 from 209 in the period.
