Kenya, Uganda among top FDI recipients

Sub-Saharan rising consumer class has encouraged investment in the region. Photo/Diana Ngila

Kenya and Uganda are among the top 10 recipients of new foreign direct investment (FDI) in sub-Saharan Africa, with Nairobi posting one of the fastest rates over the past seven years.

A report by UK-based consulting firm EY said that FDI in sub-Saharan Africa increased by 4.7 per cent in 2013, but investment was down in North Africa.