Can the new Nairobi International Finance Centre (NIFC) compete with Johannesburg and Dubai to help finance trade and industry in East Africa ... and beyond? Acting CEO Oscar Njuguna believes that there is plenty of room for everyone.
In the last 30 days, users based in sub-Saharan Africa acquired the equivalent of about $80m worth of cryptocurrencies, according to UsefulTulips, a company specialising in analysing this market.
This represents a 19% increase on the monthly average of $67m over the past 12 months and more than the $79m that North America acquired.
From 6 to 12 September, sub-Saharan users acquired the equivalent of $20.5m, compared to $20m in North America.