Kenya’s stock of foreign direct investments (FDIs) grew a modest 4.48 percent last year, largely signalling a slowdown in deals in ICT and project finance in infrastructure development, including oil and gas.
Findings by the United Nations Conference on Trade and Development (UNCTAD) suggest the total value of Kenya’s inward FDIs remained at a six-year low despite easing of the Covid restrictions which stimulated resumption of cross-border activities in other countries in the region.
