Ethiopia topples Uganda, Tanzania for Kenya investments abroad

[MK254]

Ethiopia has toppled Tanzania and Uganda as the leading destination of Kenya’s investment abroad, buoyed by the expansion of local firms in the giant neighbouring market.

Fresh data shows that Kenya’s direct investment in Ethiopia hit Ksh60.2 billion ($440.7 million) in 2021—surpassing Tanzania and Uganda’s Ksh51.5 billion ($377 million) and Ksh56.3 billion ($412 million), respectively.

Direct investment abroad — also referred to as outward direct investment — is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy.

As well as the equity that gives rise to control or influence, direct investment also includes investment associated with that relationship, including investment in indirectly influenced or controlled enterprises, investment in fellow enterprises, debt (except selected debt), and reverse investment.

Table tilts in Addis’ favour​

The newly released Economic Survey 2023 shows that although Tanzania was the leading destination for Kenya’s investment abroad at the start of 2015, the table has since tilted in favour of Addis Ababa.

Ethiopia topples Uganda, Tanzania for Kenya investments abroad

Several Kenyan firms including giant telecommunications company Safaricom have ventured in the Ethiopian market.

www.theeastafrican.co.ke

 

[nguvu]

Hahahaaa! Mwamba huyu hapa nilizani nae ni muathirika wa kilifi kule kwa pastor.

 

[MK254]

Hahahaaa! Mwamba huyu hapa nilizani nae ni muathirika wa kilifi kule kwa pastor.

Ethiopia wamefungua nchi, ukiwa mjanja mwenye kujituma kaichangamkie fursa.

 

[Charles Mandela]

Ethiopia has toppled Tanzania and Uganda as the leading destination of Kenya’s investment abroad, buoyed by the expansion of local firms in the giant neighbouring market.

Fresh data shows that Kenya’s direct investment in Ethiopia hit Ksh60.2 billion ($440.7 million) in 2021—surpassing Tanzania and Uganda’s Ksh51.5 billion ($377 million) and Ksh56.3 billion ($412 million), respectively.

Direct investment abroad — also referred to as outward direct investment — is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy.

As well as the equity that gives rise to control or influence, direct investment also includes investment associated with that relationship, including investment in indirectly influenced or controlled enterprises, investment in fellow enterprises, debt (except selected debt), and reverse investment.

Table tilts in Addis’ favour​

The newly released Economic Survey 2023 shows that although Tanzania was the leading destination for Kenya’s investment abroad at the start of 2015, the table has since tilted in favour of Addis Ababa.

Ethiopia topples Uganda, Tanzania for Kenya investments abroad

Several Kenyan firms including giant telecommunications company Safaricom have ventured in the Ethiopian market.

www.theeastafrican.co.ke

​

Hii ni fursa ya uwekezaji katika sekta ya usafirishaji wa abiria na mizigo baina ya MATAIFA YA KENYA NA ETHIOPIA.

 

[Charles Mandela]

Ethiopia has toppled Tanzania and Uganda as the leading destination of Kenya’s investment abroad, buoyed by the expansion of local firms in the giant neighbouring market.

Fresh data shows that Kenya’s direct investment in Ethiopia hit Ksh60.2 billion ($440.7 million) in 2021—surpassing Tanzania and Uganda’s Ksh51.5 billion ($377 million) and Ksh56.3 billion ($412 million), respectively.

Direct investment abroad — also referred to as outward direct investment — is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy.

As well as the equity that gives rise to control or influence, direct investment also includes investment associated with that relationship, including investment in indirectly influenced or controlled enterprises, investment in fellow enterprises, debt (except selected debt), and reverse investment.

Table tilts in Addis’ favour​

The newly released Economic Survey 2023 shows that although Tanzania was the leading destination for Kenya’s investment abroad at the start of 2015, the table has since tilted in favour of Addis Ababa.

Ethiopia topples Uganda, Tanzania for Kenya investments abroad

Several Kenyan firms including giant telecommunications company Safaricom have ventured in the Ethiopian market.

www.theeastafrican.co.ke

​

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