The Nairobi International Financial Centre (NIFC) will formally be launched on June 14, 2022, following the setting up of its board and the publication of regulations to back its operations.
The center is a flagship initiative under the economic pillar of Kenya’s Vision 2030 established to increase foreign investment opportunities and make the country a financial hub.
In 2017, Kenya passed the Nairobi International Financial Centre Act 2017establishing it. The NIFC seeks to provide foreign investors with incentives to encourage long-term investment for both international and domestic businesses thereby providing opportunities for both foreign and local participants.
“The event will be officiated by the President of the Republic of Kenya, Mr. Uhuru Kenyatta,” the organizers of the launch said in an emailed invitation to Khusoko.
Nairobi joins Casablanca, Cape Town, Mauritius, and Johannesburg as IFCs on the continent.
According to the Global Financial Centres Index (GFCI) 2021, Casablanca continues to be the leading African center, while Cape Town, Johannesburg, and Nairobi increased their ratings by more than 20 points. Kigali and Lagos joined the index for the first time.
Nairobi, Only African City in Knight Frank’s Prime Global Cities Index Q1’2022
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