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President William Ruto's government has been stepping up efforts to attract global capital. [File, Standard]
Kenya has certified 15 new firms under the Nairobi International Financial Centre (NIFC) as the government intensifies efforts to transform the capital into Africa’s premier financial gateway, challenging established hubs from Dubai to Hong Kong.
The newly certified cohort includes Bupa Global Insurance, Etica Capital, Giraffe Bioenergy, Valor Capital, ReportsAI, Afrex Technologies, Onfon Mobile, and Africa First Exchange (A1X), among others. Collectively, the firms are expected to mobilise over $200 million (Sh26 billion) in investment and create more than 1,000 direct and indirect jobs.
NIFC Chief Executive Officer Daniel Mainda said, in a statement, the certifications reflect growing international confidence in Kenya's regulatory environment. "Every firm we certify is making a deliberate vote of confidence in Kenya's future," Mainda said.
