No editorial checks on this article yet

This article is not approvedThe content of this article is not verified by the editorial team of Africanews.com. Read our editorial requirements to see the criteria we use to decide if we publish an article on the homepage of Africanews.

Ever figured how Kenya is conducive for investment?

  1. Posted on Friday 23 February 2007 - 16:09
    Elly Wamari
    Image of Elly Wamari
    23 February 2007, by Elly Wamari in Nairobi, Kenya. If you are planning to invest in sub-Saharan Africa, consider Kenya, at least according to the World Bank Group. The country is turning out to be a favourite investment destination in sub-Saharan Africa.A report published last November by the Multilateral Investment Guarantee Agency (MIGA) – an arm of the World Bank Group established in 1988 to promote private investment flow to developing member countries – provides the reasons.

    Snapshot Africa: Benchmarking FDI Competitiveness in sub-Saharan African countries, gives the country"s impressive port system as one of them. The availability of cold storage facilities and computerised port procedures, and a motivated staff happen to be very important considerations for investors.
    So is the fact that Kenya is a member of the East African Community (EAC), where trade, according to the MIGA report, is expected to flow freely by 2013. The EAC is presently made up of Kenya Tanzania and Uganda. Rwanda and Burundi are aspiring to join to further boost the strength of the region.
    The other reason that makes Kenya attractive is its membership of the Common Market for East and Southern Africa (COMESA). The estimated total population of the region is 385 million provides an impressive consumer base. Add these to the highly skilled human resource capital and the availability of international transportation infrastructure, and you end up with a regional business hub.
    The MIGA report analyses investment prospects for nine countries in sub-Saharan Africa, Kenya being among them. The other countries studied are Ghana, Lesotho, Madagascar, Mali, Mozambique, Senegal, Tanzania and Uganda.
    Incidentally, Snapshot Africa investment findings on Kenya tie with those of The Steadman Group, a research firm based in Nairobi. According to a report released early February by the group, Kenya managed an investor confidence of 70 percent. This means that the country is considered safe to invest in.
    The Steadman report is a product of a study launched two years ago to collect views on investment environment from sampled African countries. It is therefore not pegged on rushed perceptions.
    Click here to visit Elly Wamari's weblogpage





     

Latest News

  1. OPINION: Welcome to African Green Revolution24/05For the past century and a half, Africa has tried various agricultural approaches without much success.
  2. Egyptians vote in historic election23/05Egyptians began voting freely on Wednesday for the first time to pick their president in a wide open election that pits Islamists against men who serv…
  3. Africa Day 2012 - a moment for reflection and…22/0525th May is Africa Day. For many years it has been a celebration of African unity. It dates back to 1963 when the Organisation of African Unity (OAU) …
  4. South Africa's African agenda21/05The Deputy President of the Republic of South Africa, Kgalema Mothlanthe paid a rare visit to Ghana in April at the invitation of John Dramani Mahama …
  5. Women struggle to rinse hunger, poverty stains21/05Just looking at her one clearly appreciates that she is old and frail therefore in need of support for food, clothing and shelter to live comfortably …
  6. Climate Climate change affects migratory birds…21/05Changes in the climate globally have affected the movement of both migratory and resident species of birds, Nature Uganda has said.
  7. Ghana: Foreign retailers cited for currency…18/05The Ghana Union of Traders Association (GUTA) is attributing the sharp depreciation of the Ghana cedi against major currencies to the illegal activiti…
  8. Kenya: Community radio brings succour to…18/05Korogocho, a slum in northeastern Nairobi with 100,000 inhabitants, had many of the ingredients for a political explosion similar to those that rocked…
  9. Veld fires 'flame' Zimbabwe's…16/05Over the years, Zimbabwe has experienced the scourge of veld fires destroying property worth thousands of dollars.
  10. Liberia commends ECOWAS for support14/05The induction training of pioneer Economic Community of West African States (ECOWAS) Volunteers for Liberia kicked off in Monrovia, with the Deputy Mi…
  11. Vanishing Lake Chad puts 30m lives at risk14/05As you approach the Lake Chad basin from Maiduguri, in north-eastern Nigeria, the evidence of despair is telling.
  12. Heavy rains cause havoc in Kenya14/05Heavy Rainfall continued to wreak havoc across the country leading to the suspension of relief food in some parts of the country as most roads in Turk…
  13. Zimbabwe: Growth points lie dormant14/05The Zimbabwean government mooted the concept of growth points in the 1980s as a means of decongesting cities and towns.
  14. Sierra Leone improves in infant mortality11/05Sierra Leone has improved in infant mortality cases according to Save the Children- World Motherhood index 2012 report. The West Africa country descri…
  15. Zimbabwe: Resettled farmers fail to utilize…10/05Resettled farmers in Zimbabwe are failing to utilize land due to inadequate farming inputs and lack of resources.
News archive