Kenya’s foreign direct investment (FDI) inflows fell $294 million (Sh31.3 billion) last year, annual estimates by a UN agency show, partly reflecting depressed growth in new jobs that has been worsened by the global coronavirus pandemic.
The inflows were estimated at $1.33 billion (Sh141.84 billion), a drop of 18.08 percent over nearly $1.63 billion (Sh173.15 billion) that foreign investors pumped into the Kenyan economy in 2018, the United Nations Conference on Trade and Development (UNCTAD) wrote in a report published on Tuesday.
