Nairobi to achieve financial hub status soon
RICHARD MUNGAI/ The National Treasury’s long-standing plans to make Nairobi a regional financial services hub will be completed next February, a top official in the ministry said yesterday. Director general for budget, fiscal and economic affairs Geoffrey Mwau (pictured) yesterday said the necessary structures for the proposed Nairobi International Financial Centre have been developed, and staff deployed to the centre for a practice run before the official launch. “The establishment of the NIFC will position Kenya as a regional financial hub and an international financial centre,” Mwau said during the launch of the sixth Global Islamic Microfinance Forum in Nairobi. The forum has brought together delegates from 35 countries to discuss the new developments and trends in the multibillion-shillings Islamic financial sector. NIFC is a Vision 2030 project.