Ruto Oversees Landmark Kenya–Qatar Financial Cooperation Agreement
Signed in Doha, the agreement focuses on reducing regulatory barriers to allow firms licensed in either jurisdiction to operate more seamlessly in both markets, paving the way for greater investment mobility and business expansion. - Kenya breaking news | Kenya news today | Capit..
✨ Key Highlights
Kenya and Qatar have signed a landmark financial cooperation agreement, with President William Ruto overseeing the deal between the Nairobi International Financial Centre Authority (NIFCA) and the Qatar Financial Centre (QFC). This aims to bolster financial integration and attract investments between the two regions.
- The agreement was signed in Doha, focusing on reducing regulatory barriers to enhance investment mobility.
- Main organizations involved are the Nairobi International Financial Centre Authority (NIFCA) and the Qatar Financial Centre (QFC).
- A key pillar of the cooperation is the joint development and promotion of Sharia-compliant financial instruments, including Sukuk and green Sukuk.
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President Ruto Oversees Kenya-Qatar Financial Agreement and Announces New Remittance Plan - November 2025
President William Ruto oversaw the signing of a landmark financial cooperation agreement between Kenya and Qatar, aiming to bolster financial integration and attract investment. The deal was made between the Nairobi International Financial Centre Authority (NIFCA) and the Qatar Financial Centre (QFC). Speaking in Qatar, President Ruto announced new government measures to significantly reduce the cost of remittances for Kenyans in the diaspora. The President directed the Central Bank of Kenya (CBK) to collaborate with the International Association of Money Transfer Networks (IAMTN) to create a more affordable framework. During the visit, President Ruto also hosted an diaspora engagement with Kenyans living in Qatar.
