Tax uncertainty threatens NIFC’s $5bn investment target
NIFC Chief Executive Officer Daniel Mainda said stable and predictable tax and regulatory frameworks will be critical if Kenya is to position itself as a leading regional financial hub...
✨ 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.
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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.
