Kenya Ranks Among Top Investment Destinations in the COMESA Region
A new landmark report has confirmed Kenya’s status as a leading economic hub in Africa. According to the inaugural COMESA Investment Report 2025, Kenya is among the top five countries attracting Foreign Direct Investment (FDI) within the 21-member Common Market for Eastern and Southern Africa (COMESA).
This report, a joint publication by UN Trade and Development (UNCTAD) and the COMESA Regional Investment Agency (RIA), reveals that total FDI flowing into the COMESA bloc reached US$65 billion in 2024. This represents a significant 16% increase from previous years, signaling growing investor confidence in the region’s economies.
Kenya’s Strategic Position and Key Sectors
While the report does not provide the exact dollar figure for Kenya, it identifies the country as a strategic magnet for capital. Kenya, alongside Egypt, Ethiopia, Uganda, and the Democratic Republic of Congo (DRC), collectively absorbed a staggering 90% of all FDI entering COMESA last year.
The analysis specifically highlights Kenya’s strength in sectors central to its national economic agenda:
- Energy & Renewables: Kenya is recognized as a regional leader in geothermal and wind power, positioning it perfectly to benefit from a near-doubling of international project finance (to USD 79 billion) for green energy and grid expansion.
- Manufacturing & Agribusiness: The country is seen as a prime destination for industrial and value-added agricultural investments.
- Regional Headquarters: Kenya’s developed infrastructure and skilled workforce continue to attract multinational companies looking to establish their regional hubs in East Africa.
Leadership Commentary and Future Outlook
Senior officials welcomed the report’s findings as validation of the region’s progress. Amb. Dr. Mohamed Kadah, COMESA’s Assistant Secretary General, stated, “These results confirm the growing confidence of global investors in the COMESA region.”
Richard Bolwijn from UNCTAD emphasized the opportunity ahead, noting that the region can now convert this positive momentum into “long-term resilience” by focusing on industrialization, supporting small and medium-sized enterprises (SMEs), and improving regional connectivity.
In summary, the data underscores Kenya’s compelling value proposition for international investors. Its combination of political stability, a diversified economy, leadership in renewable energy, and a strategic location makes it a premier gateway for capital seeking growth in the dynamic COMESA market.
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