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Nairobi outsprints peers as place to invest in Africa, says report

Discovery of oil, mining and investment in energy, roads and port projects have seen Nairobi ranked as the most attractive destination for foreign direct investment in Africa, says a report.

The capital city is now the regional financial services hub only rivalled by Johannesburg on the continent.

Nairobi out-paced 20 major cities in Africa in terms of attracting investments.

This is the first time that the country is ahead, in terms of providing the right environment for those looking for opportunities to invest.

“Nairobi outscores all African cities in FDI,” PWC says in the report titled Into Africa: The Continent’s Cities of Opportunity.

Twenty African cities considered among the most dynamic and focused on the future are Abidjan, Accra, Addis Ababa, Algiers, Antananarivo, Cairo, Casablanca, Dakar, Dar-es-Salaam, Douala, Johannesburg, Kampala, Kigali, Kinshasa, Lagos, Luanda, Lusaka, Maputo, Nairobi and Tunis.