Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Kenya overtakes SA as biggest investor in African countries

29 July 2016, 12:12

Nairobi - Kenya has overtaken South Africa as the biggest investor in African countries.

It invested in 36 projects in other parts of the continent last year, compared to South Africa’s 33.

According to a report by Ernst & Young, Kenya’s Foreign Direct Investment (FDI) also went up six positions - from 13th in 2014, to 7th last year - Daily Nation reports. The report added that 78% of financial and business services originated from Kenya.

Real estate, renewable and geothermal energy, as well as roads and railways, are the fastest growing sectors in Kenya, with local banks also venturing into volatile environments such as South Sudan and Somalia.

In 2015, East Africa achieved 26.3% of total projects, while in southern Africa, projects were down 11.6% from 2014 levels.

Earlier reports had ranked South Africa, Nigeria and Kenya as the most attractive investment destinations in Sub-Saharan Africa - in that order.

Ernst & Young, however, points out that economic growth across the region is likely to remain slower in coming years than it has been over the past 10 to 15 years.

- News24


Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...