Japanese firms rank Kenya top investment spot

nairobi city county
[Image source: African Arguments | Credit: Nina R.]


Business Daily | by Patrick Alushula


Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown, beating the continent’s larger economies like South Africa and Nigeria.

The survey, carried out by Japan External Trade Organisation (Jetro) on Japanese-affiliated companies in Africa, found that over a third (35.1 percent) of polled companies cited Kenya as their preferred future investment destination in Africa.

The East Asian country affiliated firms cited Kenya’s position as the economic hub of East Africa, with many emerging start-ups…

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[Image source: African Arguments | Credit: Nina R.]

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