Kenya eyes Sh200bn in foreign investment

Kenya projects a doubling of foreign direct investment this year to over Sh200 billion on the back of renewed investor interest and confidence in the country.

Speaking at the Kenya-Japan investment forum in Nairobi, Kenya Investment Authority (KIA) Managing Director Moses Ikiara, said the improving business environment coupled with recent and planned high profile investment forums continue to attract investors.

“The FDI is growing very strongly. This year, we expect FDI inflows to grow by more than 100 per cent because of an improved business environment,” he said.

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Obama calls for more intra-Africa trade

Barack Obama has called for an increase in intra-African trade alongside a renewed economic engagement with the United States, arguing that countries on the continent can do much more to build links with neighbouring states.

“The biggest markets for your goods are often right next door. You don’t have to just look overseas for growth, you can look internally…it shouldn’t be harder for African countries to trade with each other than it is for you to trade with Europe and America,” he said.

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Kenya tops EA bloc in impact investments

Kenya has become the top regional destination for investors putting money in impact investments that target both social and financial gains, a new study shows.

The report, which looked at regional impact investments made between 1998 and 2004, says Kenya accounted for nearly half of the $9.3 billion (Sh930 billion) invested.

The report, produced by the UK Department for International Development (DfID), the Global Impact Investing Network (GIIN) and Nairobi-based Open Capital Advisors found Kenya had impact investments worth $4.2 billion (Sh420 billion) which is 46 per cent of the amount that went to the region.

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Kenya: U.S. Investors to Seek County Deals

A group of US investors attending the sixth Global Entrepreneurship Summit have expressed interest in seeking business opportunities and partnerships outside Nairobi.

The investors who arrived in the country on Monday, five days ahead of this weekend's summit, have held forums with the business community in Nairobi.

Led by the US National Business League, the team of 20 said it will visit Mombasa, Nakuru and possibly Baringo and Bomet counties.

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