Kenya has 'desirable attributes' for investors

20/04/2011 - Kenya property & investment news Posted by Neil King
Kenya has 'desirable attributes' for investors

Kenya has desirable attributes for investors, according to chief investment officer of Cannon, Adrian Saville.Mr Saville told Fin24.com that there are some remarkable investment opportunities to be found in Mozambique, Ghana and Kenya."All three of these countries have well-educated labour forces with level headed economic policies," he said."They are in a position to harness competitive forces."However, the investment officer singled out Kenya for its stable production base and proximity to key trade routes.Last year, Dominique Strauss-Kahn, managing director of the International Monetary Fund, said that Kenya has showed "remarkable adjustment" to the series of shocks that affected its economy since 2008.He projected a gradual increase in growth to 6.5 per cent over the medium term.Mr Strauss-Kahn added: "We agreed that it will be important to continue sound economic policies to contain risks and place the economy on a robust growth path with sustainable debt levels and low inflation."Structural reforms will need to be stepped up to enhance the competitiveness of the economy, and attract investment needed to diversify the economy."