Nairobi is home to East Africa's leading financial hub, providing an efficient gateway for investors and businesses to access 54 African countries, 1.3 billion people and a combined GDP of $3.4 trillion.
The Nairobi International Financial Centre has been established to attract responsible, ambitious businesses to Nairobi and provide them with the conditions to flourish in Kenya and in the region. The Centre offers a progressive legal and regulatory framework, competitive operating environment, a vibrant financial ecosystem and the opportunity to live in one of Africa's most exciting cities. NIFC firms benefit from efficient doing-business facilitation services provided through the Authority and a dedicated dispute resolution process, including cost effective and expedicious arbitration process.
The NIFC operating framework is almost complete and we will be open for business very soon. The official launch of the NIFC is set to take place in Q4 2021
Both local and international companies can apply. The NIFC certificate will be granted to any company that meets NIFC's strategic fit test. The Authority will provide a checklist of the required documentation and upon receipt will review and process all applications.
No. All NIFC firms, whether International or Kenyan will receive the same tax treatment. The NIFC will offer incentives that encourage firms to export financial services from Kenya to countries across Africa.
An NIFC firm can set up anywhere providing that it has a certificate from the NIFC Authority. The NIFC will focus on the development of an environmentally sustainable flagship location leveraging the latest innovation and technology for those looking to build a physical presence in Nairobi.
Availability of capital and financing for all sectors of the economy is key for their growth and expansion. Hence given the catalytic effect the financial services sector has on the wider economy, dedicated effort to attract capital will help improve access and reduce the cost of capital available to business in the various economic sectors resulting in increased economic activity.
Yes, it will. But at a much slower rate. The NIFC will accelerate the development of the financial services sector in Kenya. We believe the NIFC will be crucial for Kenya to keep pace with other IFCs in Africa and beyond.
Treasury Building,
Harambee Avenue,
P.O Box 30007-00100,
Nairobi
Tel. +254 792 000 555
Email: info@nifc.ke