Kenya has consistently attracted the greatest number of projects in east Africa since 2009, according to data from greenfield investment monitor fDi Markets. And Kenya's share of projects in east Africa has consistently increased from 17% in 2009 to a five-year high of 29% in 2013.
Kenya’s share of investment capital entering east Africa has seen a corresponding rise, increasing from $1.9bn in 2009 to $3.7bn in 2013. Capital Nairobi has been the most popular city in east Africa in this period, benefiting from more than 8900 jobs created and $3.85bn worth of greenfield investment.
Kenya’s communications sector drew the most FDI between 2009 and 2013, accounting for 17% of all tracked projects, closely followed by the financial services sector, which accounted for 14%. The food and tobacco sector, while only accounting for 5% of tracked projects, has recorded growth of 250%, the strongest of all recorded sectors.
Over the five-year period, the UK has been the greatest source of investment into Kenya, representing 15% of tracked FDI. The UK has doubled its share of FDI into Kenya from 11% in 2009 to 23% in 2013. The financial services sector accounted for 25% of this FDI, with six separate companies undertaking investments.