Kenya ranks high in attracting foreign direct investment
Kenya ranks among the leading Foreign Direct Investment (FDI) destinations in Africa, the United Nations Conference on Trade and Development Secretary General Mukhisa Kituyi has said.
Dr Kituyi said Nigeria and Ethiopia complete the list of the most attractive investments destinations for foreign capital on the continent.
Kenya to mobilize funds for industrialization
Planning Cabinet Secretary Ann Waiguru told journalists in Nairobi that this will help to bridge the financing gap that is currently constraining industrialization in the country.
"The government intends to establish an Industrial Development Fund for long-term financing so as to increase the share of Foreign Direct Investment (FDI) in industrial sectors by 10 per cent in the next five years," Waiguru said during the launch of the 2014 Edition of the Economic Report on Africa.
Kenyan counties seek to drive industrial growth
At least 2,350 acres of land will be set aside in all the counties for the establishment of industrial development and promotion of the informal sector. The Council of Governors chairman Isaac Ruto, has said that each county government will allocate 50 acres for the industrial parks in their respective areas.
Flame Tree Group of Mauritius to List 15% Stake on Kenyan Bourse
Flame Tree Group, a Mauritian manufacturer of water tanks and cosmetics, will list 15 percent of its shares on the Nairobi Securities Exchange ahead of a potential rights issue within the next two years.
“We intend to list in the final quarter of the year” on the Growth Enterprise Market segment of the exchange, Edward Burbidge, chief executive officer of Burbidge Capital, Flame Tree’s adviser, said in a phone interview from Nairobi today.
