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Over 50 crypto firms, including Binance, eye Nairobi regional hubs, drawn by Kenya’s tax breaks and booming digital asset market under new VASP rules. More than 50 digital currency firms are in active talks to plant regional headquarters in Nairobi. The Nairobi International Finance Centre confirmed the engagements. Binance is among the names on that list. NIFC chief executive Daniel Mainda told Business Daily the centre is in discussions with both local and international virtual asset companies. The goal is the regional headquarters. Jobs and investment inflows are at the centre of it all. Kenya’s Tax Play Is Working Firms setting up through the NIFC get a corporate tax cut to 15 percent for the first 10 years. Then 20 percent for the decade after that. The standard corporate rate in Kenya sits at 30 percent. That gap is what’s drawing the crowd. Regional headquarters applicants must invest at least Sh3 billion locally. Kenyan nationals need to fill at least 60 percent of senior management slots. The threshold dropped from Sh5 billion last year, and admissions shot up fast. NIFC had only three admitted firms by June 2024. That number hit 28 within months of the new incentives. Mainda now wants to reach 150 admitted firms before year-end, with crypto companies expected to drive a big chunk of that growth. Binance Says It’s In, With a Catch Larry Cooke, Binance’s head of legal for Africa, confirmed the exchange is eyeing Nairobi. He told Business Daily the firm would be “number one among the 50 companies.” But there is a condition. Final regulations need to be balanced and fair, Cooke said. The exchange will not commit until it reviews what Kenya’s regulators actually publish. That review process is now underway. The Treasury released final Kenya crypto regulations last week. Crypto exchange…

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Filed under: News - @ March 25, 2026 7:29 pm