Kenya Aims to Build Financial Center, Compete With South Africa
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Kenya plans to build a financial center in the capital, Nairobi, to help create jobs and make it easier to raise funds for projects such as an oil pipeline from Southern Sudan, Finance Ministry officials said.
The proposed Nairobi International Financial Centre will become a regional “offshore” financial services hub, Alex Owino, a project manager at the ministry, told reporters today in the city. He didn’t give details on how Kenya planned to attract companies to the industry.