Nairobi is top African Investment destination

  • PDF

Kenya's has been ranked as among the 120 most competitive locations for new capital in a global survey. The respected Economist Intelligence Unit report, cited Nairobi as being on top of the investors list. The survey that was commissioned by US banking giant Citi-group, is opportune as the country positions itself as Africa's hub for innovation .

The report called Hot Spots indexed countries with the worst, 0, and 100 being the best, on a pre-determined criteria. City experts, mayors and corporate executives were interviewed.

Nairobi, was ranked number 115 and attained an overall index score of 34.6 in the report that saw only seven African cities included. The Kenyan capital was placed number five in Africa in a list dominated by South African cities.

To be rated as competitive, the city ability to attract capital, businesses, talent and visitors were considered.