Nairobi to achieve fi­nan­cial hub sta­tus soon

The Star (Kenya) - - News -

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.

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