The World Alliance of International Financial Centres (WAIFC) has continued its expansion, welcoming two new members during its General Meeting in Tokyo.
The Istanbul Financial Centre and Nairobi’s Two Rivers International Finance & Innovation Centre (TRIFIC) have joined the prestigious network, bringing the total number of member centres to 28 across four continents.
Istanbul Financial Centre: A Bridge Between Continents
The Istanbul Financial Centre, strategically located at the crossroads of Europe, Asia, and Africa, aims to attract global investors with its thriving business environment.
Ahmet İhsan Erdem, CEO of the Istanbul Financial Centre, expressed excitement about joining the WAIFC, stating, “We’re committed to offering a sustainable and efficient business environment that caters to the needs of international investors.”
TRIFIC: Kenya’s Gateway to International Markets
TRIFIC, a special economic zone in Nairobi, Kenya, offers a competitive gateway to regional and international markets for service-oriented enterprises and investment-focused entities.
Brenda Mbathi, CEO of TRIFIC, highlighted the importance of WAIFC membership in enhancing the business services ecosystem in Africa. By joining the WAIFC, TRIFIC aims to drive sustainable economic growth and innovation.
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New Board Members Strengthen WAIFC Leadership
The WAIFC also appointed three new board members during its general meeting. Bernice Buttigieg from FinanceMalta, Temirlan Mukhanbetzhanov from AIFC (Astana International Financial Centre), and Lynn Robbroeckx from Luxembourg for Finance will bring their expertise and insights to the organisation.
A Global Force for Financial Excellence
The expansion of the WAIFC network is a testament to its growing influence in the global financial landscape. By bringing together leading financial centres from around the world, the WAIFC promotes collaboration, knowledge sharing, and best practices in the industry. As the world economy continues to evolve, the WAIFC will play a vital role in shaping the future of financial services.
TRIFIC, a leading financial centre in Nairobi, Kenya, has achieved a significant milestone by becoming a member of the World Association of International Financial Centres (WAIFC). This global membership is expected to have far-reaching implications for TRIFIC, Nairobi, and Kenya as a whole.
A Global Network of Financial Centres
As a member of WAIFC, TRIFIC joins a network of 28 of the world’s leading financial hubs. This connection provides TRIFIC with unparalleled access to international partnerships, collaborations, and knowledge sharing opportunities. The global reach of WAIFC will undoubtedly enhance TRIFIC’s visibility and reputation on the world stage.
Boosting Foreign Direct Investments
TRIFIC’s WAIFC membership is also expected to boost its ability to attract foreign direct investments (FDIs). By connecting TRIFIC to a global network of investors and financial institutions, WAIFC can help to showcase Kenya’s favourable business environment and investment opportunities. This increased visibility can attract more FDI inflows, which can drive economic growth and create jobs.
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Positioning Nairobi as a Global Financial Hub
The expansion of TRIFIC’s global network through WAIFC membership will also contribute to positioning Nairobi as a major player in global finance.
By collaborating with other leading financial centres, TRIFIC can learn from best practices, exchange ideas, and develop innovative solutions to address the challenges and opportunities facing the financial sector. This will help to solidify Nairobi’s reputation as a dynamic and forward-thinking financial hub.
Driving Sustainable Development
TRIFIC’s membership in WAIFC is not just about financial gain. It is also about contributing to sustainable economic development. By leveraging global best practices in sustainable development, TRIFIC can help to ensure that Kenya’s economic growth is inclusive, equitable, and environmentally friendly.
Undoubtedly,TRIFIC’s membership in WAIFC is a significant milestone that has the potential to transform the financial landscape in Kenya.
By connecting TRIFIC to a global network of financial centres, boosting FDI inflows, positioning Nairobi as a major player in global finance, and driving sustainable development, this membership is expected to have a positive and lasting impact on Kenya’s economy.
