Kenya’s foreign direct investment (FDI) faced a significant downturn in 2023. Excluding investments from East African Community members, FDI dropped to $374.6 million from $710.21 million the previous year. This 47.2% decline coincided with a 43% decrease in foreign-implemented projects, from 209 to 146. Economic challenges fueled this decline. A depreciating currency, high interest rates, […]
