The International Financial Centre in Nairobi will launch in June
The Centre offers foreign investors in the financial sector exclusive deals—including taxes and immigration incentives—and space in the new building. Firms seeking to join the Centre are required to pay a certification fee of around $8,620 and an annual fee of around $4,310, according to regulations published by the country’s national treasury. Already 2 firms are on board, according to press releases. British underwriter Prudential Plc announced plans to set up its Africa headquarters in Nairobi, while TheCityUK, which offers financial and related services, has signed a Memorandum of Understanding. (MoU).
The new centre’s opening comes only a month after an elevated highway, designed to reduce the commuter time from Nairobi’s airport to its city center and core business areas, opened on May 14. Commuter time from the airport to the Westlands area using the new, tolled, highway—which previously could take hours—is claimed to be just 10 minutes. Kenya has pointed to this and other infrastructure projects as proof of its commitment to making its business environment more conducive for regional headquarters and hubs.
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