Kenya and Lloyd’s of London have signed a deal that will see the global insurance firm open a regional office in Nairobi, transforming the city as a growing entry point for international finance into Africa.
The agreement signed under the Nairobi International Financial Centre (NIFC), was endorsed by Treasury Cabinet Secretary John Mbadi as a major step in attracting global capital.
“Lloyd’s decision shows the world that Kenya is ready,” said Mbadi during the signing ceremony. “This partnership gives us a stronger footing to grow insurance and financial services in the region.”
He said Lloyd’s presence would support deeper insurance markets and help channel more investment across East Africa.
He also pointed to recent policy and tax reforms aimed at making the NIFC more attractive to global firms.
“This is about more than business it’s about building a financial ecosystem that serves both global partners and local growth,” Mbadi said.
