Fortune magazine ranks Kenya 7th best place to Invest in Emerging Markets

NAIROBI,KENYA:  Kenya has been ranked as one the seven top investment destinations to watch in emerging markets by Fortune magazine.  

The ranking takes note of the massive efforts being made in infrastructure development, the power sector and the improving macro-economic stability. 

Commenting on the rankings, the Cabinet Secretary for Industrialisation and Enterprise Development Mr. Adan Mohamed said: “We are seeing growing confidence by global investors in our country, something that we are proud of. The reducing cost of doing business and stable macro-economic environment continues to make a clear signal that Kenya is ready to do business with the world and we are delighted that investors are showing increasing confidence in our country.”                                                                                     

Kenya has embarked on an ambitious programme to address challenges on the ease of doing business and has set up a delivery team to make the country a world class investment destination. The Ministry of Industrialisation and Enterprise Development is leading the Business Climate Reform agenda and is working with various government agencies. 

Kenya made the cut to the special list of 7 that has India, Malaysia, Indonesia, Mexico, Poland and Colombia.