Nairobi International Financial Centre initiative – how to get involved
In July 2012 the President of Kenya expressed the desire to build relationships with the UK to help develop Nairobi as an international financial centre (IFC) to serve the East African region. The bodies appointed to deliver the work, under the sponsorship of the Lord Mayor of the City of London and the Ministry of Finance in Kenya, are TheCityUK and the Kenyan Capital Markets Authority.
The focus of the Nairobi IFC work is to be embodied in a Memorandum of Understanding (MoU) with Kenya, likely to be signed at the end of January 2013 with a ministerial delegation from Kenya.
UK practitioners can now express an interest to be involved in the proposed areas for development, which are:
- Alternative Dispute Resolution
- Derivative Securities
- Securities market
- Regulatory and Administrative Environment
- Public Private Partnerships
- Experience exchange between financial and related professional services
- Training and education
- Branding, marketing and promoting
- Diaspora initiatives
A Joint Liaison Group will be established in due course to steer the direction. This approach has proved successful for firms involved in our Moscow IFC work which now involves some 250 firms.
If you are interested in being included in this opportunity and would like to help influence its direction, please highlight your areas of interest at the link below and we will provide further information. Discussions on the scope of the MoU will follow in early January.