2025-11-06
Nairobi International Financial Centre Signs MoU With QFC To Enhance Cross Border Investment
The Nairobi International Financial Centre (NIFC) has signed a memorandum of understanding with the Qatar Financial Centre (QFC) Authority as part of efforts to enhance cross-border investment, innovation and financial co-operation.
The MoU was signed on the sidelines of the Second World Summit for Social Development, currently underway here in Qatar. It was signed by Daniel Mainda, chief executive officer of NIFC Authority, and Yousuf Mohamed al-Jaida, chief executive officer of QFCA.
Through this agreement, the NIFC and QFC reaffirm their commitment to global best practices and to fostering sustainable, inclusive growth across Africa and the Middle East.
This renewed collaboration aims to enhance cross-border investment, innovation and financial co-operation through the respective international financial centres.
This partnership builds on a decade-long relationship that began when the Ministry of Finance of Qatar through Kenya’s National Treasury, provided technical support in establishing the NIFC, making Qatar a key partner present at the very inception of the NIFC’s story.
The NIFC is a transformative project designed by the Kenyan government to position Nairobi as a premier financial hub in Africa. It is a key initiative under the economic pillar of Kenya’s Vision 2030 project.
The NIFC aims to attract global investment by providing an efficient, conducive environment for financial services and innovation. With a focus on modern infrastructure, regulatory transparency, and strategic partnerships, the NIFC will foster economic growth and facilitate capital flow across the region through its business-friendly environment.
The MoU was signed on the sidelines of the Second World Summit for Social Development, currently underway here in Qatar. It was signed by Daniel Mainda, chief executive officer of NIFC Authority, and Yousuf Mohamed al-Jaida, chief executive officer of QFCA.
Through this agreement, the NIFC and QFC reaffirm their commitment to global best practices and to fostering sustainable, inclusive growth across Africa and the Middle East.
This renewed collaboration aims to enhance cross-border investment, innovation and financial co-operation through the respective international financial centres.
This partnership builds on a decade-long relationship that began when the Ministry of Finance of Qatar through Kenya’s National Treasury, provided technical support in establishing the NIFC, making Qatar a key partner present at the very inception of the NIFC’s story.
The NIFC is a transformative project designed by the Kenyan government to position Nairobi as a premier financial hub in Africa. It is a key initiative under the economic pillar of Kenya’s Vision 2030 project.
The NIFC aims to attract global investment by providing an efficient, conducive environment for financial services and innovation. With a focus on modern infrastructure, regulatory transparency, and strategic partnerships, the NIFC will foster economic growth and facilitate capital flow across the region through its business-friendly environment.
Source: GULF TIMES