With direct investment reaching Ksh60.2 billion in 2021, Ethiopia will overtake Tanzania and Uganda as Kenya’s top foreign investment destination.
In order to take advantage of Ethiopia’s expanding economy and economic opportunities, Kenyan companies, such as Safaricom and KCB Bank, have made substantial inroads into the Ethiopian market.
By reaching Ksh239.6 billion by the end of 2021, Kenya’s overall foreign direct investments have demonstrated a good trend, showing more international engagement and investment activity.
Ethiopia has eclipsed Tanzania and Uganda as the primary foreign investment target for Kenya due to the expansion of local enterprises in the vast adjacent market.
