Kigali and Nairobi are competing to position themselves as East Africa’s leading financial hub, with Rwanda gaining early ground through incentives and regulatory speed.
Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Kigali has pulled ahead of Nairobi in the race to become East Africa’s financial hub, as Rwanda’s aggressive incentives and streamlined regulatory regime draw firms that would traditionally favour Kenya’s larger, more established market.
Although it was mooted later than the Nairobi International Financial Centre (NIFC), the Kigali International Financial Centre (KIFC) moved faster from concept to execution and has taken an early lead in attracting firms.
