The government, through the Nairobi International Financial Centre (NIFC), has certified 15 new firms, with the companies expected to use Kenya as a platform for investment and expansion, creating over 1,000 direct and indirect jobs for Kenyans.

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In a statement issued on Tuesday, June 30, the NIFC said the new firms are expected to invest up to Ksh 26 billion in the country, positioning Kenya as Africa's leading destination for global capital.

The newly approved firms span fintech, AI, digital assets, carbon finance, insurance, investment management, and capital markets infrastructure.

The firms are expected to mobilise investments into strategic sectors while supporting innovation, business expansion, and sustainable economic growth, the authority said.

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"The latest certifications add to the NIFC's rapidly expanding and increasingly diverse portfolio of firms choosing Kenya as their platform for investment, innovation and regional expansion," the statement read in part.

NIFC Chief Executive Officer Daniel Mainda said the certifications reflect growing international confidence in Kenya's regulatory environment and its ambition to become Africa's premier international financial centre.

"Every firm we certify is making a deliberate vote of confidence in Kenya's future. Collectively, these firms are building the ecosystem that will define the next generation of finance in Africa where capital is mobilised, technology is commercialised, innovation is financed and sustainable investment thrives," Mainda said.

He added that the certifications are not only about approving companies but also about attracting investment into productive sectors, creating quality jobs and positioning Kenya as the preferred destination for investors seeking opportunities in Africa.

The new firms are also expected to strengthen Kenya's position in digital ass ets and financial technology by developing solutions such as cross-border payment systems, stablecoins and tokenised financial products.

The latest approvals come as Kenya continues to market itself as a regional financial hub, with the NIFC seeking to attract more global investors and innovative businesses to establish operations in the country.

📰 Source: Kenyans.co.ke