Posted 12/27/2023, 4:59:11 PM
Uganda Tops East Africa in Foreign Investment With $10.2 Billion, Creating Over 6,000 Jobs
- Uganda received the highest foreign direct investment (FDI) in East Africa in 2023 with $10.2 billion, creating over 6,000 jobs
- Kenya had the most FDI projects at 63, compared to Uganda's 9, but lower capital investment
- Kenya saw a 117% year-on-year increase in FDI to $2 billion, creating 7,819 jobs
- Tanzania's FDI rose 133% to pre-COVID levels of $1.3 billion, generating 4,566 jobs
- International Finance Corporation invested $20.9 million in affordable housing projects in Kenya, aiming to develop 5,000 units