Rwanda: Kigali Up 14 Spots in New Global Financial Centres' Index

Kigali International Financial Centre made the biggest leap to rank as the 67th most competitive financial centre globally, up from the 81st spot, according to the new Global Financial Centres Index .

Kigali debuted on the global rankings in December 2021, slightly over a year after it started operations. San Francisco remains at number five, with Shanghai overtaking Los Angeles in sixth place, with the latter dropping to eighth.London continues to lead in the region in second place globally, with six Western European centres featuring in the top 20 in GFCI 35.

According to the authors of the report, access to clients and suppliers is critical for financial centres. They highlight that proximity to a large and diverse customer base, both domestically and internationally, can attract financial institutions looking to expand their reach.There was a problem processing your submission. Please try again later.

The centre continues to attract investors and members ranging from social impact investors, angel investors, investment companies, financial services providers, and corporate services providers, among others.

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