Investment opportunities in Kenya 'cannot be ignored'

15/03/2011 - Kenya property & investment news Posted by Bob Brunskill
Investment opportunities in Kenya 'cannot be ignored'

People considering ways to invest in Kenya may be interested to learn that the country has been flagged up as one possible nation among the world's ten fastest growing economies in the next five years.

Indeed, speakers at Reuters Africa Investment Summit said that Kenya is one of seven sub-Saharan African countries that are firmly on investors' radars.

However, investing in Kenya and doing business in Africa is different to Western procedures.

Clifford Sachs, chief executive of Africa for Renaissance Capital, said: "If you are going to briefcase in professionals from London, New York and other places, you are going to find it tough."

However, he added that if you are prepared to "invest in local talent and train them on the ground", then it can be very different.

Meanwhile, head of investment banking and coverage for Rand Merchant Bank in Africa, Michael Larbie, said that there is a difficulty involved in balancing the bureaucracy involved in making a business deal and that investors may find themselves playing the regulator in the deal.  ADNFCR-2019-ID-800463192-ADNFCR