The latest addition to Nairobi’s regional hub status comes from South African bank FirstRand, which opens a representative office in Kenya this week.The bank joins three others that have opened up in Nairobi in the past four years, along with corporates such as Samsung and PwC and companies set on regional expansion such as Nestlé and Dow Chemicals, the $60bn company whose CEO Andrew Liveris visited Nairobi this week.
Wolfgang Fengler, the World Bank’s lead economist for the country, says Kenya is perfectly situated for companies bent on regional expansion thanks to an expanding population of working age, access to the sea and the hinterland, a developing education system and better macroeconomic policies than in preceding decades. read more: blogs.ft.com/beyond-brics/
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