International Financial Centre

 

PROJECT OVERVIEW

Status:
Commenced
Implementing Ministry (MDAS):
The National Treasury.
Location:
Country Wide
Sector:
Financial Services
 

PROJECT PROGRESS

Milestones on this project are; Steering Committee (SC) gazetted on 30th Nov.2010 and launched on 1st March 2011. Technical Committee (TC) developed NIFC Concept Note.

The cabinet has approved the establishment of Eastern and Southern trade and Development Bank regional office in Nairobi as part of the strategy to position Kenya as the premiums service location in Africa, thereby also encouraging foreign direct investments.
 

OBJECTIVE

The objective is to achieve a well-functioning financial system in order to accelerate economic growth by encouraging Foreign Direct Investment, safeguarding the economy from external shocks, and establishing Kenya as a leading financial centre in Eastern and Southern Africa.

BENEFITS

Attracting more Foreign Direct Investments.
 
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