The first thing that comes to my mind when it comes to Africa and crypto mining are the temperatures that are actually very high in most of Africa which I guess raises the price of mining due to the extra cooling of the mining devices. But I looked at how Kenya stands on this issue and it seems that the location of the plant is still in a more temperate climate zone so the whole thing makes some sense.

The move may not attract foreign investors, but it will encourage some domestic entrepreneurs to try to make money. Success will, as always, depend on the price of energy and the level of corruption - because the greater the corruption there are many more interests that need to be met.