News in Brief

NSI Group Enters Kenya After De La Rue Exit

NSI Group, a pan-African company specialising in secured documents and electronic payment solutions, has announced plans to establish a base in Kenya.

The move follows De La Rue’s decision to cease operations in Kenya by the end of March, leaving a gap in the market.

A statement from NSI Group said it will start an office in Nairobi in April. ‘We have decided to commence operations in Nairobi, Kenya by April this year, based on the enormous potential for expanding our business in the area,’ Richard Michel, the Chairman of NSI, said.

Since its foundation in Kigali, Rwanda in 2003, the NSI Group has been gradually expanding its presence in Africa with subsidiaries in Burundi, the Democratic Republic of Congo, Tanzania, and Djibouti.