Kenya is renewing its push to make Nairobi a regional financial hub, offering sweeteners such as a 20-year tax holiday to global firms that set up shop in its capital.
But the Nairobi International Finance Centre (NIFC) faces an uphill task of upstaging well-established regional financial centres such as Johannesburg, Casablanca, and Mauritius, even as it fights to dispel fears that it could degenerate into a clearing house for dirty money.