Kenya’s President Uhuru Kenyatta has approved the formation of the Nairobi Financial Centre Authority (NFCA) through an executive order, as part of a plan to position the country’s capital as a key financial hub.
The draft law, signed by the president and seen by The EastAfrican, gives the NFCA the power to license companies that will operate under the centre, and come up with relevant legal, regulatory and institutional checks to actualise the centre, launched in December last year.
