Nairobi’s “silicon savannah” just got more attractive to investors and startups
Kenya has lauded the upcoming launch of a new International Finance Centre in Nairobi—together with incentives for multinationals and startups alike—as it looks to raise the city’s profile as a top-class tech hub.
Kenya’s tech startup ecosystem—amongst the hottest on the continent—is looking to attract even more overseas interest as the country launches an International Financial Center and giant tech firms renew their interest in east Africa’s Silicon Savannah.
The International Financial Center in Nairobi is slated to officially launch in June, offering foreign investors in the financial sector special deals—including taxes and immigration incentives—and space in the new building.
Firms seeking to join the center are required to pay a certification fee of Ksh. 1 million (around $8,620) and an annual fee of Ksh.500,000 (around $4,310), according to regulations published by the country’s national treasury.
Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.