Kenya launches int'l financial center to boost inflow of foreign capital

STORY: Kenya launches int'l financial center to boost inflow of foreign capital DATELINE: July 6, 2022 LENGTH: 0:01:35 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of the launch 2. SOUNDBITE (English) UKUR YATANI, Kenya's Cabinet Secretary for National Treasury STORYLINE: Kenya on Monday launched the Nairobi International Financial Center (NIFC) to help spur the inflow of foreign capital to fund the country's development agenda. President Uhuru Kenyatta said in a speech read on his behalf by Joseph Kinyua, Head of Public Service, that the center seeks to enhance the business environment to enable companies to raise funds for projects, support innovation, and tap into new investments coming into Africa. "The Nairobi International Financial Center has been designed as an efficient and predictable business environment to give more confidence to the large pools of global capital that have been watching our progress but have not yet taken the decision to invest," Kinyua said. He added th