Kenya Foreign Direct Investment Survey 2024 Results
According to the "2024 Foreign Investment Survey Report" released by Kenya's Investment Authority, National Statistics Bureau, and Central Bank on August 24, 2025, FDI stock in 2023 reached 1.4575 trillion shillings (approximately 1.31 trillion yen), an 8.5% increase from the previous year. The survey targeted 1,112 companies with 751 responding, of which 603 have received foreign capital.
Investment Stock by Country and Growth Rates
Top Investment Countries:
- United Kingdom: 341.5 billion shillings (largest investor)
- South Africa: 139.2 billion shillings
- Mauritius: 132.6 billion shillings
- Netherlands: 127.2 billion shillings
- United States: 126.1 billion shillings
High Growth Countries: China recorded the highest growth at 39.2% year-on-year, followed by the UK at 23.0% and UAE at 19.2%. Japan remained at 12.3 billion shillings with only 0.2% growth, though actual Japanese influence may be underestimated as many investments are made via the UK or Mauritius.
Sector Investment Trends and Investment Environment Assessment
Investment Stock by Sector: Finance and insurance (409.7 billion shillings) is the largest, followed by manufacturing (216.2 billion shillings), information and communications (186.6 billion shillings), and wholesale/retail (169.8 billion shillings). Flow investments show active investment in information and communications, wholesale/retail, and finance/insurance sectors.