Money Markets
Ms Njeri Rionge at a past function. She has set up Insite Ltd to offer
SMEs cloud-based applications priced at Sh1,000 per month. Photo/FILE
By Sandra Chao
More mid-sized companies are attracting foreign
investors as confidence in the Kenyan economy grows and firms improve
corporate governance.
KPMG chief executive Josphat Mwaura said most of
the firms that are now attracting investors participated in the Top 100
mid-sized company survey which allows participants to benchmark
themselves against their peers and industry standards.
Mr Mwaura said during the launch of this year’s Top 100 survey that 400 companies will participate compared to 250 last year.
“We will start the data collection process early
and give enough time for as many companies as possible to participate,”
Mr Mwaura said. Nation Media Group (NMG) chief executive Linus Gitahi said favourable regulatory requirements had helped open up the economy to foreign investors.
“Business confidence is high as the economy is
expected to grow,” Mr Gitahi said. The Top 100 survey is organised
annually by KPMG and the Business Daily, which is owned by NMG.
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