Kenya to host first East Africa Islamic Finance Summit
Published on: October 07, 2015 07:49 (EAT)
Kenya is set to host the first East Africa Islamic Finance Summit (EIAFS2015) that will be held on December 14th at Nairobi’s Villa Rosa Kempinski. The Cabinet Secretary for Treasury Henry Rotich will give a presentation on Kenya’s role in developing East Africa as an Islamic Finance investment destination. The summit themed “Unveiling opportunities”, aims to initiate dialogue, build network between East Africa’s financial institutions, policy makers and the Islamic Finance institutions in the region and the Middle East. Experts in Islamic Finance will discuss the development of Islamic Finance in East Africa, explore infrastructure projects in the region and discuss alternative opportunities for project and trade finance for both public and private sector projects. Speakers and panelists will cover key areas including Regulatory Framework, Regional Infrastructure Projects and Opportunities for financing and Sukuk Issuance amongst other topics. EAIFS 2015 comes at a time when Kenya and other EAC countries are contemplating a sukuk issuance to finance the ambitious infrastructure projects. If Africa is to fully participate and compete in the global trade and investment markets, financing is critical, hence the decision to host this forum alongside the WTO 10th Ministerial. The Summit will also be a showcase of East Africa’s investment opportunities for the Gulf Wealth. EAIFS 2015 has tapped the participation and support from international and regional leadership in governments and private sector who’ll be in the country for the WTO meetings. The conference is organized by UK based Private Sector Body, East Africa Business Network and supported regionally by Anjarwalla & Khanna and the Somali Economic Forum.