This archive report was first published on 26 September 2019.
Kenya's Investment Appeal: A Mixed Bag in Africa ¶
Kenya has been ranked as the fifth most rewarding investment environment in Africa, according to the Africa Risk-Reward Index. The report, published on September 26, 2019, awarded Kenya 6.27 points out of 10.
Kenya's neighbor Ethiopia emerged as the top-ranked country with 8.09 points, followed by Egypt with 6.70 points. Cote d'Ivoire and Tanzania rounded out the top four.
Despite its ranking, Kenya trailed its neighbors Tanzania and Uganda in terms of investment risk. The report ranked Kenya as the 16th most risky place to invest in within the East African economic giant.
Kenya has taken full advantage of the opportunities offered by the East African Community (EAC), pushing for the removal of tariff and non-tariff barriers to trade. This has seen the country consolidate its position as the largest economy in the EAC.
Kenya's neighbor Tanzania was ranked as the safest country in the region, while the Democratic Republic of Congo (DRC) was ranked as the most risky with a score of 8 out of 10.
Kenya outperformed Nigeria, Angola, Morocco, and South Africa, which have larger economies according to the 2018 Gross Domestic Product value data by World Bank.
