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Kenya punching below its weight in battle for FDI
East African Community presidents from left, Salva Kiir of South Sudan, Yoweri Museveni of Uganda, Paul Kagame of Rwanda and Uhuru Kenyatta of Kenya. PHOTO | FILE
Kenya is attracting foreign direct investments (FDI) well below that of its East African Community neighbours, if its economy’s size is taken into account, the International Monetary Fund says.
Data from the fund shows Kenya attracted equivalent to 1.1 per cent of its gross domestic product (GDP) as investment last year and is forecast to increase to 1.7 per cent this year.
