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Uganda, Ethiopia, Tanzania top as Kenya investments abroad up 37pc

The latest State-commissioned foreign investment survey shows that the total stock of outward investment rose from Sh610 billion in 2022 to Sh834.2 billion in 2023, which stamped the fastest annual growth witnessed in recent years.

Photo credit: Shutterstock

By  Kabui Mwangi

Correspondent

Nation Media Group

Kenyan companies in 2023 held assets abroad worth Sh834.2 billion, marking a 36.8 percent increase from the previous year.

The most popular destinations were Uganda, Ethiopia and Tanzania, indicating that returns were better across borders than in the local market.

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