Tanzania overtakes Kenya on best investment destinations in region

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Tanzania has beaten Kenya on the best investment destinations for investors eyeing the region in the next two years. PHOTO | FOTOSEARCH

Tanzania has beaten Kenya on the best investment destinations for investors eyeing the region in the next two years.

Fourteen percent of the respondents in a survey conducted by advisory firm KPMG on 150 C-suite level and senior executives in the region said they would consider investing in Kenya, tying the country with Ghana in fourth spot of preferred destinations of capital, behind South Africa (50 percent), Nigeria (30 percent) and Tanzania (15 percent).

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