Japanese firms rank Kenya top investment spot
Monday April 05 2021
By PATRICK ALUSHULA
The East Asian country affiliated firms cited Kenya’s position as the economic hub of East Africa.
The firms also pointed to expanding demand for infrastructure, potential of geothermal power, growing car industry and the existence of Japan’s Official Development Assistance.
Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown, beating the continent’s larger economies like South Africa and Nigeria.
The survey, carried out by Japan External Trade Organisation (Jetro) on Japanese-affiliated companies in Africa, found that over a third (35.1 percent) of polled companies cited Kenya as their preferred future investment destination in Africa.