Private capital inflows to Kenya rise fastest in Africa

cash

Kenyans have continued to favour transactions in hard cash. PHOTO | SHUTTERSTOCK

Kenya’s private capital investment was the second highest in Africa last year after South Africa’s having risen nearly five times to $1.1 billion (Sh163 billion at current exchange rates).

This is an increase from the $226 (Sh33.5 billion) recorded in 2021, according to the Finance in Africa report, published by the European Investment Bank (EIB).

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