The government is seeking to attract global financial services sector players to the Nairobi International Financial Centre (NIFC) by offering more incentives as it seeks to accelerate the take-off of the innovation hub.
The Finance Bill 2025 has proposed to increase to 20 years the time that some of the firms running under NIFC will pay lower corporate taxes.
Dividends that the NIFC-certified firms will pay will also be tax-exempt, but on the condition that they reinvest Sh250 million in the country.
The government is seeking to attract global financial services sector players to the Nairobi International Financial Centre (NIFC) by offering more incentives as it seeks to accelerate the take-off of the innovation hub.
Published Date: 2025-05-03 00:00:00
Author:
By Macharia Kamau
By Macharia Kamau
Source: The Standard