KENYA

Azerbaijan is heading into 2024 with a solid boost in investments, holding the seventh spot on the list of prime destinations for foreign direct investment (FDI) in the coming year, Trend reports.

According to the annual FDI Standouts Watchlist research, Azerbaijan's consistent macroeconomic indicators played a critical role in making the country one of the top alternatives for FDI on a worldwide scale.

An agreement on long-term cooperation has been signed between Azercosmos OJSC and the Kenyan CommCarrier company, Trend reports via the Ministry of Digital Development and Transport of Azerbaijan.

The CommCarrier will serve its partners in the Central and East Africa region in the Ku band [primarily used for satellite communications] of the Azerspace-2 satellite.