World’s richest men target Kenya for investment
04 November 2011, 15:04
Nairobi - According to Business Daily reports, Nigeria’s Aliko Dangote, India’s Mukesh Ambani, Ratan Tata and the Sanghi brothers and Egypt’s Mansour brothers top the list of the world’s tycoons and rich families whose companies have recently invested billions of shillings in new investments or expansion of established businesses in Kenya.
Despite the past three years of global economic turbulence, key sectors of the economy — including manufacturing, automotive, energy, property and mining — have witnessed a huge inflow of investments thus confirming the billionaires’ faith in Kenya’s resilience.
Sammy Onyango, the chief executive of advisory firm Deloitte East Africa, said that Kenya’s key attraction lies in its access to a growing consumer goods market in East Africa’s integration project, as investors look for Africa’s frontier markets in search of growth opportunities.
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