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Originally published by Capital Businessbusiness
July 15, 2026
7h ago
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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