EY ranks Kenya Africa’s 2nd best for investments

Kenya has a bright long-term outlook on inflation though citizens are going through a tough time. FILE PHOTO | NMG

Consultancy EY has named Kenya as the second most attractive investment destination in Africa after Morocco in 2017 despite last year’s poor performance, where FDI dropped by 57.9 per cent.

EY’s Africa Attractiveness Index 2017 (AAI 2017) showed Kenya scored highly in the long-term outlook in governance and human development (16 out of 20), economic diversification (10 out of 20), infrastructure and logistics (16 out of 20) and improved business environment rating that stood at 10 out of 20.

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Note: The results are not exact but very close to the actual.