This is a publication from the Cabinet Secretary for the National Treasury, Mr. Henry K. Rotich, Republic of Kenya.
‘Mr. Speaker, to cement progress made thus far, and in the spirit of consolidating Kenya’s position as the financial hub in the region, I have already exposed for public comment the Nairobi International Financial Centre (NIFC) Bill, which has already undergone extensive stakeholder consultation. The Bill provides a framework to strengthen Kenya’s position as the financial hub of choice in the region through incentives, addressing bottlenecks and putting in place necessary market infrastructure and market development. I will also be tabling the Financial Services Authority (FSA) Bill, which provides for much more than a simple merger of the existing non-banking regulators by encompassing issues of market conduct, financial services consumer protection and addressing existing regulatory gaps such as regulation of credit provision.’Download PDF