With technical assistance from the UK in its formative years, NIFC's goal is to develop a more predictable and efficient business environment that encourages both domestic and foreign investment.
The centre will target global and regional businesses that provide large pools of capital, drive innovation and are committed to the highest standards of Environmental, Social and Governance performance. "The Nairobi International Financial Centre can play a key role in creating the right environment for fintech to thrive; for innovation and new technologies like blockchain and artificial intelligence to be mainstreamed; and for investors to inject new capital into businesses in Kenya and across the region," said President Uhuru Kenyatta in his speech delivered by the Head of Public Service, Joseph Kinyua.