Is Nairobi ready to become a global financial center? ...Middle East

Quartz - Economy
Is Nairobi ready to become a global financial center?
source : Quartz ( Middle East ) () 23
Kenya’s capital, Nairobi, has already made a name for itself as a regional hub of trade, commerce, innovation, and technology. Now, plans are underway to take the city to the next level—that of becoming a global financial hub.Kenya’s launch of the Nairobi International Financial Centre (NIFC) last week, making the capital a financial hub, shows the country’s openness as an economy and its confidence in its own ability to compete on the world stage, says Mark Napier, CEO of FSD Africa, a nonprofit that promotes financial sector development across sub-Saharan AfricaThe center, which has been in the works since 2014, is meant to help direct international investment to Kenya and Africa at large,

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