This archive report was first published on 24 October 2019.
Kenya Ranks Third Most Attractive Market for Investments in Africa ¶
Kenya has retained its position as the third most attractive market for investments in Africa for a second year running, according to a new report by Africa Financial Markets Index, 2019.
Published on October 24, 2019, the report ranked Kenya third behind South Africa and Mauritius with a net score of 65 out of 100 points.
The report attributed Nairobi's high position to the substantive issuance of government debt instruments to investors in 2018, including new sovereign bond listings.
On May 15, 2019, Kenya listed a third Eurobond valued at KSh 210 billion, increasing the value of its sovereign bonds in the international markets.
The country also scaled up its investments in alternative assets, with an estimated KSh 150 billion in pooled assets under the management of Kenyan pension funds that formed the Kenya Pension Fund Consortium.
According to the report, South Africa tops the index largely due to its sizeable lead in the market depth pillar with a perfect 100 per cent score.
Botswana, Kenya, and Namibia joined the ranks of countries that scored over 50 in market depth, with others including Nigeria, Mauritius, and Ghana.
A file photo of Pretoria, the administrative capital of South Africa.
Kenya was also ranked third globally with the greatest potential for future growth by the Standard Chartered Plc in September 2019.
The trade 20 index said while existing trade powers such as China and India continue to rapidly improve their potential, smaller trading nations like Kenya were making swift progress towards increased trade growth.
