Kenya’s FDIs fall Sh41bn on Covid, ownership rules



Business Daily | by Constant Munda


Kenya’s foreign direct investment (FDI) inflows dropped $381 million (Sh41.14 billion) in 2020, hurt by Covid-19 restrictions and fresh rules demanding foreign firms in some industries gradually cede more stake to locals.

The United Nations Conference on Trade and Development (UNCTAD) estimates FDIs amounted to $717 million (Sh77.44 billion) in 2020, a …

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