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Kenya ranked ninth among 28 African states in FDI
The Turkana Wind Power substation project in Laisamis, Marsabit County, in January. The Sh70 billion project is said to be the single largest private investment in Kenya. PHOTO | SALTON NJAU
Kenya has been ranked ninth in attracting investment deals among 28 African countries polled in a survey covering the first eight months of the year.
According to research firm StratLink Africa, Kenya clinched deals worth Sh8.6 billion ($85 million) between January and August, putting it behind South Africa with Sh100 billion, Egypt which had Sh46 billion, Ethiopia with Sh55.5 billion, Democratic Republic of Congo with Sh27 billion, Nigeria with Sh94 billion, Tunisia with Sh15 billion and Zambia with Sh22 billion and Sudan with Sh9.6 billion.
