Three places that dream of becoming Africa’s Singapore

Kigali is one of several cities in continental Africa that are trying to become financial hubs to capture some of the business that currently flows through offshore centres such as Mauritius. Kenyan officials signed an agreement with the City of London as part of a plan to launch a financial centre in Nairobi.

The architects of these would-be hubs talk of building a financial “ecosystem”, with expertise in law, accountancy and business services. “We’ve tried to move away from the notion that this is just a business precinct or an iconic tower,” says Vincent Rague, the chairman of the Nairobi International Financial Centre. It boasts that Prudential, a British insurer, will be the first firm to set up shop in the hub.

You mean the west is stacked against them?

Kenya could have had this in the bag if not for the rampant corruption. Rwanda edges out Ghana because its politicians are unfocused short-termists, like so many other democracies.

And their billionaire princes will send you 100,000,000 dollars from a lost inheritance immediately after you send him 10000 via western Union.

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