– The Africa Risk-Reward Index which ranked 26 African countries based on investment potential awarded Kenya 6.27 points out of 10
– Ethiopia emerged first with 8.09 points followed by Egypt (6.70)
– Out of 26 countries, the report ranked Kenya as the 16th most risky place to invest in within the East African economic giant trailing Tanzania and Uganda
A new report has ranked Kenya as the fifth most rewarding investment environment in Africa.
The September 2019 Africa Risk-Reward Index which ranked 26 African countries based on investment potential awarded Kenya 6.27 points out of 10.
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Kenya has consolidated its position as the largest
economy in the EAC bloc. Photo: Nation
Source: UGC
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Kenya’s neighbor Ethiopia (8.09 points) was ranked first followed by Egypt (6.70), Cote d’Ivoire (6.65) and Tanzania (6.38).
“Kenya has taken full advantage of the opportunities offered by the EAC, pushing for the removal of tariff and non-tariff barriers to trade. Consequently, most countries in the region now have Kenya listed in their top trading partners,” the report said.
“In a bid to deploy its larger capital base and better-educated labour force, Kenya has also spearheaded efforts to implement free movement in the region. Combined with its traditionally more investor-friendly regulatory environment and support of private-sector-led growth, this has seen the country consolidate its position as the largest economy in the EAC,” the report added.
Most countries in the region have listed Kenya as their top trading partner. Photo: Oxford Economics
Source: UGC
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The index captured the evolution of the investment landscape in major Africa markets and will help investors apprehend where they should start looking if they need to devise a market strategy into a continent that is vast with resources but poorly understood.
However, despite Kenya performing well in Africa at large, it trailed her close neighbour Tanzania.
The report stated Tanzania is often viewed positively as an alternative to Kenya within the East African Community due to low risks of political instability in the country.
Out of 26 countries, the report ranked Kenya as the 16th most risky place to invest in within the East African economic giant trailing Tanzania and Uganda.
Mauritius on the other hand was ranked the safest and the DRC which has applied to join the EAC bloc as the most risky with a score of 8 out of 10.
Kenya outperformed Nigeria, Angola, Morocco and South Africa which according to the 2018 Gross Domestic Product value data by World Bank, have larger economies.
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