MWENDWA: Why investors are putting their money in Kenya
Kenya has seen a significant surge in foreign direct investment, reaching a record $3.2 billion last year. The author attributes this growth to market consistency, Kenya's role as a regional trade gateway, its clean energy infrastructure, and an improving business environment.
Why it matters
It provides insight into the economic development strategies of emerging markets in Africa and their appeal to global investors.
Kenya Investment Authority (KenInvest) CEO John Mwendwa with Trade Principal Secretary Regina Ombam on January 31, 2026 /FILE KENYA has done the basic things right for a long time, and investors are now rewarding that consistency.
Last year, Kenya attracted a record $3.2 billion (about Sh413 billion) in foreign direct investment, more than a third higher than the previous year and more than double the 2022 level.
I see four key reasons behind this momentum.
First, investors are buying into companies Kenyans built. Asahi, Vodacom and Amsons have paid premiums for established Kenyan businesses with strong brands and market positions.
Foreign investors taking controlling stakes is also a vote of confidence in Kenyan management, institutions and the economy.
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