Kenya's capital ranks at position 98 in the Global Financial Centres Index

The Global Financial Centres Index has ranked Nairobi among the top 100 financial centres worldwide.

The city is ranked at position 98, up from 106 in March.

Every March and September, the Global Financial Centres Index ranks major financial hubs according to their competitiveness.

Cities are ranked according to their competitiveness, business environment, human capital availability, infrastructural development, financial sector development, and reputation.

After Casablanca, Johannesburg, Cape Town, Mauritius, and Kigali, Kenya's capital came in sixth place in Africa.

New York is the best global financial hub in the world, followed by London. Hong Kong and Singapore are in third and fourth place, respectively, with San Francisco in fifth place.

In the rating conducted in March, Shanghai was rated fifth.

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