Dismiss Notice
You are browsing this site as a guest. It takes 2 minutes to CREATE AN ACCOUNT and less than 1 minute to LOGIN

Kenya tops growth of new investments into Africa

Discussion in 'Kenyan News and Politics' started by Mwembetayari, May 4, 2012.

  1. M

    Mwembetayari JF-Expert Member

    #1
    May 4, 2012
    Joined: Feb 21, 2012
    Messages: 333
    Likes Received: 1
    Trophy Points: 0
    Kenya has been ranked top among the countries with the highest growth in new investment projects into Africa in the last four years to 2011, ahead of South Africa and Nigeria.

    New projects from Kenya and Nigeria into the rest of the continent have grown at a faster rate than from anywhere else in the world during the same period at 77.8 per cent and 73.2 per cent respectively, according to the latest findings by Ernst and Young.

    “The growth in intra-African investment is being led by the respective regional powerhouses of Kenya, Nigeria and South Africa,” said the financial advisory firm in its second African Attractiveness Survey.

    South Africa’s investments into the rest of Africa have grown at a rate of 64.8 per cent in the four years to 2011.

    Corporate Kenya has in the recent past increased her investment both in the Eastern African region and the rest of the continent. The main investments have been in the banking sector, retail stores, and cement industry, oil marketing among others.

    Kenyan banks have solidified their grip on the regional market with the indigenous banks such as Equity Bank, Cooperative Bank, and Kenya Commercial Bank spreading their footprint in almost all the neighbouring countries.

    India, however, led the rest of the world by the number of new jobs created in Kenya followed by UK, US, China and Spain.

    In the eight years to 2011, South Korea lead in new projects which grew at 82 per cent with Kenya coming second and India in the third place.

    The top five investors into Kenya by new foreign direct investments (FDI) projects in the same period were the US, India, UK, South Africa and Japan.

    This data, however, shows the number of new projects and not the value of the projects. The report did not capture mergers and acquisitions and other equity investments and had no minimum size for a project to be included, every project has to create new direct jobs.

    http://www.businessdailyafrica.com/Kenya+tops+in+growth+of+new+investments+into+Africa/-/539552/1399350/-/ikenhgz/-/
     
  2. H

    Hute JF-Expert Member

    #2
    May 4, 2012
    Joined: Nov 25, 2010
    Messages: 3,499
    Likes Received: 383
    Trophy Points: 180
    I wish you knew that these kenyan threads you are struggling for, have no interest in this forum, they just look at them, spit on them and go to our tz issues. Don't you have access to Jaluo forums, mashada forums, kikuyu forums etc where you can post these craps? .....I feel sorry for you because you are wasting your time to type all these useless words.....pole.
     
  3. M

    Mwembetayari JF-Expert Member

    #3
    May 5, 2012
    Joined: Feb 21, 2012
    Messages: 333
    Likes Received: 1
    Trophy Points: 0
    hahaha you are so bitter!
     
  4. H

    Hute JF-Expert Member

    #4
    May 5, 2012
    Joined: Nov 25, 2010
    Messages: 3,499
    Likes Received: 383
    Trophy Points: 180
    keep on wasting your time girl!
     
  5. Smatta

    Smatta JF-Expert Member

    #5
    May 7, 2012
    Joined: Nov 5, 2008
    Messages: 2,231
    Likes Received: 140
    Trophy Points: 160
    hahaha Tanzania is just a bleep on the radar, nothing exciting coming from that side of the border. you should start worrying now people.
     
Loading...