The impact of corruption on foreign direct investment in Kenya: trends and legal solutions

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Periodical article

Title:	The impact of corruption on foreign direct investment in Kenya: trends and legal solutions
Author:	Ligadho, Ng'ani Chrisphine
Year:	2024
Periodical:	KAS African Law Study Library (ISSN 2363-6262)
Volume:	11
Issue:	4
Pages:	505-522
Language:	English
Geographic term:	Kenya
Subjects:	law foreign investments international trade corruption
External link:	https://www.nomos-elibrary.de/index.php?doi=10.5771/2363-6262-2024-4-505
Abstract:	Corruption significantly hampers foreign direct investment (FDI) in Kenya, despite the government's attempts to address it. this paper examines the impact of corruption on fdi in Kenya, highlighting the trends, legal framework, and effectiveness of anti-corruption strategies. the study finds that corruption has a negative impact on fdi, and that the legal framework in place is robust but ineffective due to political interference, inadequate resources, and lack of independence among anti-corruption bodies. notably, corruption often originates within government structures and involves government officials, further complicating anti-corruption efforts. the paper recommends a multi-faceted approach to combating corruption, including securing independence for anti-corruption bodies, allocating adequate resources, building a culture of transparency, and increasing cooperation between stakeholders. by addressing corruption, Kenya can attract more fdi, promote economic growth, and achieve sustainable development