Despite President William Ruto's relentless pursuit of investors through more than 40 foreign trips, World Bank data shows Kenya's foreign direct investment inflows plunged to their lowest level in over two decades in 2023 - down to $202.85 million, or 0.2 per cent of GDP, from a peak of $717 million in 2020.
According to the data published on Saturday, Kenya's net foreign direct investment inflows have dropped to Ksh29.32 billion as of 2023.
This is a drop from Ksh32.39 billion in 2022.
However, the net drop follows a very sharp decline in 2021 that saw the investments from foreigners fall from Ksh49.63 billion and Ksh50.09 billion in 2020 to just about Ksh32 billion.
