Nairobi still attracts significant investor attention, with Knight Frank anticipating fresh development announcements by new colocation operator entrants to the market.
Last year, the country ended a five-year slide in foreign direct investment after it attracted deals worth Sh107 billion in 2022, but was still beaten by Uganda, Tanzania and Ethiopia in the race to attract investors.
Dubbed African Horizon, the findings of the annual report attributes the growth to increased deals in renewable energy but still trailed regional peers.
Kenya’s access to renewable transmission power, which represents at least 80 per cent of total power production, is another significant pull factor.
With environmental,social and governance considerations (ESG) at the forefront of stakeholders’ minds, Kenya’s focus on sustainability should safeguard its position as Africa’s next hyper scale…
