Wednesday, 07 April 2021 00:41

Kenya ranks ahead of South Africa and Nigeria on top future investment destinations for Japanese investors

  • Kenya ranked first on top future investment destinations for Japanese investors with an investment choice of 35.1%, followed by South Africa 33%, and Nigeria 30%.
  • South Africa overtook Nigeria this year as the second-best leading destination for Japanese investors, having ranked behind Africa's largest economy in 2019.
  • Interests in Mozambique and Tanzania have been declining since 2018.

Africa has attracted significant investments and has received an estimated $20 billion in direct investment from Japan between 2016-2018. According to a recent survey by Japan External Trade Organisation (Jetro), Kenya has been ranked first on top future investment destinations for Japanese investors.

In the overall rankings, Kenya took the top spot with an investment choice of 35.1%, followed by South Africa (33%), Nigeria (30%), Ethiopia (21.3%), and Ghana (19.5%), in the top five. Morocco, Mozambique, Cote d’Ivoire, Egypt, and Tanzania made up the top 10 of the survey.

SOURCE: BUSINESS INSIDER

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