Lloyd's of London will set up a regional office in Nairobi in an agreement signed in London with the Nairobi International Financial Centre Authority.
The National Treasury and Economic Planning said in a statement posted on its X account that the opening of the office will be a major stride for Kenya in cementing its position as a gateway for global finance into Africa.
Cabinet Secretary for the National Treasury and Economic Planning, Mr John Mbadi Ng’ongo, said, “This decision by Lloyd’s is not just symbolic—it affirms Kenya’s standing as a competitive, well-regulated, and innovation-ready gateway for international capital into Africa.”
He emphasised that Lloyd’s presence in Nairobi would deepen insurance markets, mobilise capital, and enhance risk management capacity across the region. “This ushers in a new era of insurance innovation and institutional collaboration at a time when Africa’s financial landscape is evolving rapidly,” he added.
Highlighting the continent’s potential, Mr Mbadi noted that Africa’s strong demographics, growing urbanisation, and infrastructure investments make it ripe for insurance sector expansion.