Boost for Vision 2030 as Kenya Launches Financial Hub

  • President Uhuru Kenyatta signs deals at State House
    President Uhuru Kenyatta signs deals at State House.
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  • President Uhuru Kenyatta reiterated the government’s promise to provide a conducive environment for investments to make Kenya a dynamic and vibrant economy in East and Central Africa as 2030 draws near. 

    In line with Kenya Vision 2030, the Head of Public Service, Joseph Kinyua and Treasury CS, Ukur Yatani, launched the Nairobi International Financial Centre, on Monday, July 5. 

    The financial hub aims at attracting at least Ksh232 billion from foreign investments by 2030, according to treasury cabinet secretary Ukur Yatani.  

    Kinyua, who represented the President at the event noted that the hub was to be unveiled in 2017 but operations were halted due to both administrative and financial delays. 

    Treasury CS Ukur Yatani (standing second from the left) with other government officials at the NIFC launch
    Treasury CS Ukur Yatani (standing second from the left) with other government officials at the NIFC launch on July 4, 2022
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    NIFC Africa

    In the President's speech read by Kinyua, Uhuru stated that the government was keen on providing investors with various opportunities to venture into.

    "The Centre has and will continue to play a significant role in promoting the initiatives outlined to target investors. 

    "In pursuit of this goal, I can confidently say that we have not only tried but have succeeded in cementing Nairobi’s pride and place in our journey towards being the international financial services hub envisioned in our Vision 2030," an excerpt of Uhuru's speech read.

    The president announced that Vision 2030 is a possibility and with the aid of the International Financial Centre, his government will create an ecosystem that supports the financial structuring of business in Kenya.

    Kenya, he said, has attracted international organizations like Google which opened its first African Product Development Centre in Nairobi earlier this year. 

    "These, among other attractions, provided good reasons for Google to open its first African Product Development Centre in Nairobi earlier this year. Microsoft has already opened a Ksh3.1billion technology in Nairobi," he noted.

    Vision 2030 was launched in 2008 by the late president Mwai Kibaki as a vehicle for accelerating transformation in Kenya into a rapidly industrializing middle-income nation by 2030.

    Former President Mwai Kibaki launches vision 2030 agenda.
    Former President Mwai Kibaki launches vision 2030 agenda.
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