Nairobi 3rd on FDI Attractiveness list

Nairobi ranks among top African cities emerging as hotspots for investments. Kenya’s capital is now Africa’s third business city after SA's Johannesburg and Cape Town. Lagos (Nigeria) is fourth.

In an attractiveness survey conducted by consultancy services firm EY Africa, Nairobi ranks high in terms of doing business for potential investors. The key focus in the ranking is on factors such as infrastructure, consumer base, local cost of labour, productivity and level of skilled workforce.

In the ranking of countries that are perceived as attractive to investors, Kenya has climbed to fourth position among sub-Saharan nations. According to EY (in a report on AllAfrica.com), investors are eyeing three regional hub markets in sub-Sahara, with South Africa in the South, Nigeria in the West and Kenya in the East. The three countries account for 40 per cent of total FDI in the region.

SA remains the largest FDI destination. Ghana, Kenya, Nigeria, Mozambique, Tanzania and Uganda are however becoming more prominent on investors' radar.

Further reading on allafrica.com

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