Japanese firms rank Kenya top investment spot

Nairobi City skyline. FILE PHOTO | NMG

Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown, beating the continent’s larger economies like South Africa and Nigeria.

The survey, carried out by Japan External Trade Organisation (Jetro) on Japanese-affiliated companies in Africa, found that over a third (35.1 percent) of polled companies cited Kenya as their preferred future investment destination in Africa.

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