Can Kenya win the race to be Africa’s financial hub?

The skyline of Nairobi CBD on June 23, 2021. 

Photo credit: File| Nation Media Group

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.

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Note: The results are not exact but very close to the actual.