Kenya Ranks Fifth in Africa's Top Foreign Direct Investors

Kenya is the fifth largest foreign direct investor in other African countries, this is according to a recently released Ernst & Young survey, '2013 Africa Attractiveness Survey'.

The survey which was based on the number of new projects initiated in the past five years, had India leading with 237 projects South Africa followed with 235, UAE was third with 201, The Republic of China fourth with 152 while Kenya had 113 projects.

In relation to annual growth in Foreign Direct Investment, Kenya managed a compound growth 77.8 percent in the period from 2007 to 2012, surpassing Nigeria's 73.2 percent and South Africa's 66.2 percent.