Kenya, long considered East Africa’s economic powerhouse, finds itself at a crossroads. Recent data from the United Nations Conference on Trade and Development World Investment Report 2024 paints a concerning picture: foreign direct investment (FDI) inflows to Kenya dipped by $93 million (about Sh12 billion) in 2023 to $1.504 billion from $1.597 billion the previous year or 5.85 percent decline.
This is a stark reminder that Kenya’s attractiveness to foreign investors is waning compared to its regional peers.
