Nairobi’s international financial centre has signed up three companies on the day of its launch including Prudential plc, ARC Ride Kenya and AirCarbon Exchange (ACX).
Prudential, one of the world’s biggest insurers and asset managers, became the first firm to formally join the Nairobi International Financial Centre (NIFC), a special economic zone for financial firms, along Singapore-based global carbon exchange ACX, which seeks to set up a carbon exchange in Kenya.
NIFC has also admitted ARC Ride Kenya, a new start-up that is going to produce two and three-wheeled electric scooters and bikes, through the establishment of an electric vehicle assembly plant in Nairobi.
The Financial Centre has also signed an MoU with the Kenya Association of Manufacturers (KAM), to help increase financing and investment in the manufacturing sector in Kenya.
The Authority said it is in discussions with additional participants seeking to join the Centre and these will be announced in due course.
“Last year Prudential Plc, one of the world’s biggest insurers and asset managers, made a commitment to relocating their Africa headquarters from London to Nairobi and join the Centre. Today we are proud to announce that Prudential becomes the first firm to formally join the Nairobi International Financial Centre,” Vincent Rague, Chairman NIFC Authority.
