Ethiopia last year beat Kenya as the largest recipient of foreign direct investment (FDI) in the East African region, raising fresh concerns in Nairobi about the fast-rising rival.
A report released by financial consulting firm EY titled the ‘EY Attractiveness Survey 2019’ released in September showed Ethiopia attracted foreign investments worth Sh726.6 billion last year compared to Kenya’s inflows which stood at Sh207.6 billion in the same period.
