The Two Rivers International Finance & Innovation Centre (TRIFIC) Special Economic Zone has joined an international Alliance.
CENTUM Chief Executive Officer James Mworia in a statement on Wednesday, October 16, announced that TRIFIC has joined the World Alliance of International Financial Centers (WAIFC) as a member alongside Istanbul Financial Center.
Mworia made the announcement while attaching the Certificate of Membership granted to TRIFIC on October 15 in Tokyo, Japan.
“Proud to announce that Two Rivers International Finance & Innovation Centre SEZ (TRIFIC) is now a member of the World Alliance of International Financial Centers (WAIFC) alongside Istanbul Financial Center. This is a huge milestone for Nairobi as we join a global network of 28 financial hubs across 4 continents!
With this, TRIFIC is better positioned to Attract global investments to Kenya, Put Nairobi on the map as a key financial hub in Africa, Foster innovation and job creation.,” said Mworia.
“This is a huge milestone for Nairobi as we join a global network of 28 financial hubs across 4 continents!”
He further congratulated TRIFIC Chief Executive Officer Brenda Mbathi for her leadership in the achievement.
Two Rivers International Finance & Innovation Centre (TRIFIC)
TRIFIC is a leading services-focused Special Economic Zone (SEZ) in Kenya, which offers new and exciting prospects for global, regional, and Kenyan service-oriented business enterprises seeking a competitive and advantageous base to access international markets competitively.
Also Read: CBK Invites Kenyans to Invest in Ksh15 Billion Treasury Bonds
Spanning over 64 acres within Nairobi’s prestigious diplomatic blue zone and with a further robust development capacity of 1.2 million square meters, TRIFIC provides a world-class live-work-play ecosystem with grade A offices, residential, hospitality, and social amenities.
The World Alliance of International Financial Centers (WAIFC) on the other hand is a strategic initiative which was announced in July 2018 by financial services leaders from around the globe who had assembled in Paris.
WAIFC is a non-profit association registered in Brussels, Belgium, which represents leading international financial centers and facilitates cooperation and the exchange of best practices.
Members of the WAIFC are city governments, associations, and similar institutions developing and promoting their financial centers.
WAIFC members
Several new representatives – Amsterdam, Doha, Dubai, Hong Kong, Jersey, Kigali, Lagos, London, Malta, Mauritius, Milan/Rome, Stuttgart, Tokyo, and Warsaw – have joined since the alliance was formed in 2018 by founding members from Abu Dhabi, Brussels, Busan, Casablanca, Frankfurt, Luxembourg, Moscow, Muscat, Nur-Sultan, Paris, and Toronto.
Also Read: Governor’s Ambitious Programs Recognized, County Shortlisted for Continental Award
Other financial centers have also indicated their interest in joining the association, with TRIFIC being among the latest members.
WAIFC is project-driven, with the first projects by the association covering a range of areas, including financial technology, green investment and infrastructure, the creation of a financial center database, funding for small and medium-sized enterprises, and the role of financial centers in financing the economy.
The association promotes international financial centers on a global scale but does not perform lobbying.
It helps to share best practices and communicate jointly and works closely together with knowledge partners, such as consulting firms, universities, and research institutes.
The main task for the WAIFC legal entity is the coordination of the association’s projects and initiatives.
Follow our WhatsApp Channel for real-time news updates!
https://whatsapp.com/channel/0029VaB3k54HltYFiQ1f2i2C
