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.
The company, which is currently debt-free, has reached an “agreement of understanding” with a bank [that] will manage the fundraising, Butler says in Lagos. Food Concepts has also carried out projections on how the cash would be used. “A lot of people are sitting on cash. It’s about finding the right partner.”