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State to revive Nairobi financial hub plan after stuttering start

The Finance Bill 2025 has proposed to increase to 20 years the time that some of the firms running under the innovation hub will pay lower corporate taxes. [File, Standard]

The government is seeking to attract global financial services sector players to the Nairobi International Financial Centre (NIFC) by offering more incentives as it seeks to accelerate the take-off of the innovation hub.

The Finance Bill 2025 has proposed to increase to 20 years the time that some of the firms running under NIFC will pay lower corporate taxes.

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