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HomeDaily NewsWednesday, July 15, 2026Tax uncertainty threatens NIFC’s $5bn investment target - July 2026
Business & Economy3 stories from 1 sources

Tax uncertainty threatens NIFC’s $5bn investment target - July 2026

Concerns over Kenya's unpredictable tax policies threaten the Nairobi International Financial Centre's goal of attracting $5 billion in investments by 2030. Meanwhile, Kenya is separately planning a carbon exchange aimed at attracting the same amount in investments by 2028. The government's sale of its Safaricom stake is set to significantly increase foreign exchange reserves, supporting overall financial sector stability.

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CCapital BusinessFirst

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Wednesday 2:34 PMCapital Business

Tax uncertainty threatens NIFC’s $5bn investment target

Tax uncertainty threatens NIFC’s $5bn investment target

Concerns over Kenya's unpredictable tax policies threaten the Nairobi International Financial Centre (NIFC)'s goal of attracting $5 billion in investments by 2030.

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Key Highlights

Concerns over Kenya's unpredictable tax policies threaten the Nairobi International Financial Centre (NIFC)'s goal of attracting $5 billion in investments by 2030.

  • $5 billion (Sh646 billion) is the target investment amount for the NIFC by 2030.
  • Key players include the NIFC, led by CEO Daniel Mainda, and the National Treasury.
  • Despite incentives like a 15 percent corporate tax, frequent tax changes are eroding investor confidence.
Wednesday 11:30 AMCapital BusinessFirst

Safaricom stake sale to lift Kenya’s forex cover to seven months

Safaricom stake sale to lift Kenya’s forex cover to seven months

Kenya's foreign exchange reserves are set to significantly increase following the government's sale of its Safaricom stake, boosting the country's import cover.

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Key Highlights

Kenya's foreign exchange reserves are set to significantly increase following the government's sale of its Safaricom stake, boosting the country's import cover.

  • Forex reserves are expected to reach approximately Sh2.1 trillion (nearly $16 billion), representing about seven months of import cover.
  • The Central Bank of Kenya (CBK) and National Treasury Cabinet Secretary John Mbadi are key figures in managing and announcing these financial developments.
  • The government's sale of a 15 percent stake in Safaricom to South Africa's Vodacom Group is the catalyst for these inflows.
Wednesday 1:12 PMCapital Business

Kenya eyes Sh646bn investments through planned carbon exchange

Kenya eyes Sh646bn investments through planned carbon exchange

Kenya is gearing up to attract an estimated $5 billion (Sh646 billion) in investments by 2028 through the establishment of a planned carbon exchange and enhanced carbon trading regulations.

Read Story

Key Highlights

Kenya is gearing up to attract an estimated $5 billion (Sh646 billion) in investments by 2028 through the establishment of a planned carbon exchange and enhanced carbon trading regulations.

  • The target investment figure is $5 billion (Sh646 billion) by 2028.
  • The initiative is led by the Nairobi International Financial Centre (NIFC), in collaboration with the Capital Markets Authority (CMA), Nairobi Securities Exchange (NSE), and the Central Bank of Kenya (CBK).
  • The exchange aims to provide a regulated market for carbon credits, building on the recently launched National Carbon Registry, to boost transparency and investor confidence.
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