US blames corruption for slowing down foreign investments in Kenya

President Uhuru Kenyatta with his US counterpart Donald Trump at the White House in Washington DC in August last year. FILE PHOTO | NMG

Kenya is steadily enhancing its attractiveness to international investors, but “endemic” corruption slows the flow of foreign capital into the country's economy, the US State Department said on Thursday.

This generally positive but guarded appraisal is presented in the Kenya section of a set of “Investment Climate Statements” that assess receptivity to foreign investment in more than 170 countries.

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