Five of the world’s richest men have pumped billions of shillings into the Kenyan economy in the last five years confirming Nairobi’s position as East Africa’s investment hub. Nigeria’s Aliko Dangote, India’s Mukesh Ambani, Ratan Tata and the Sanghi brothers and Egypt’s Mansour brothers top the list of the world’s tycoons and rich families whose companies have recently put billions of shillings in new investments or expansion of established businesses.

Much of the investments in key sectors of the economy include manufacturing, automotive, energy, property and mining. This has been made in the past three years of global economic turbulence, confirming the billionaires’ faith in Kenya’s resilience.

Investment analysts said Kenya’s key attraction lies in the promise of a large and growing consumer goods market of 130 million people that has come out of East Africa’s integration project.

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Remittances from Kenyan living abroad have reached record sums.  In the month of September Kenyans sent home Sh8.5 billion bringing the total for the nine months of 2011 to $84.9 million which was 40 per cent higher   than the same period last year. The figure was the highest   monthly remittance received so far this year and since Central Bank of Kenya started keeping a record of transfer of the funds in 2004 when it stood at Sh3.3 billion in July.

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