Strategic partnerships took centre stage as the Nairobi International Financial Centre Authority (NIFCA), under the National Treasury, signed key Memoranda of Understanding with Africa Specialty Risks (ASR), Bupa Group, and Africa Finance Corporation.
The deals were formalised on the sidelines of the Africa Debate in London during the Kenya Investment Forum.
The signing ceremony was witnessed by Industry CS Lee Kinyanjui and Treasury CS John Mbadi Ng’ongo, signalling high-level government support for strengthening the country’s investment landscape.
Led by CEO Daniel Mainda, NIFCA said the agreements mark a major step in positioning Nairobi as a globally competitive financial hub while boosting Kenya’s ability to attract foreign direct investment.
The agreement with ASR, represented by Chief Distribution Officer Amit Khilosia, will see the firm de-risk up to $2 billion in investments, strengthening Kenya’s insurance market and investor confidence.
Another MoU with Africa Finance Corporation, signed by Chief Economist Rita Babihuga-Nsanze, targets infrastructure and green finance, aligning with Kenya’s sustainability agenda.
Led by Managing Director Uditha Jayaratne, Bupa Group’s partnership focuses on boosting healthcare investment under the NIFC framework.
The partnerships are expected to channel capital into key sectors, reinforce Kenya’s financial markets, and accelerate long-term economic growth.
