The Many Reasons Why Investors Should Consider Kenya as a Top Investment Destination

Olivia Rachier, Acting Managing Director at Kenya Investment Authority (KenInvest), explains why investors should consider Kenya as a top investment destination in Africa.

“I would position Kenya right at the top. First, because of our strategic location. Obviously, we are like the gateway to East Africa. We have a coastline; we are not landlocked. Through Kenya, you can easily access the entire East African region. You can also access all the way up to Central Africa. We are members of the Common Market for Eastern and Southern Africa (COMESA), and we are in the African Continental Free Trade Area (AfCFTA). That gives you a huge market. We obviously also signed the African Growth and Opportunity Act (AGOA) with the US, though it is coming to an end. But we are negotiating the US Free Trade Agreement, which will also give us another huge advantage. We also have the Environmental Protection Act (EPA) with the UK. We are quite a strategic investment location. We consider ourselves a real hub. We have got advanced infrastructure in terms of international airports. We have got four international airports in Nairobi, Mombasa, Kisumu and Eldoret, where investors can ship out their goods if they so wish. We have the Standard Gauge Railway, which is new, and our road infrastructure has significantly improved in comparison to the other East African countries. We have improved in the area of the special economic zones, which would give certain incentives to investors, and the export processing zones as well. We are quite a force to be reckoned with in the East African region and the whole Sub-Saharan Africa”, says Olivia Rachier.

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