Kenyan start-ups raise Sh17bn in H1
Latest Africa: The Big Deal, an American e-newsletter for start-ups, exhibits that this was a 12 % enchancment from 2024 figures.
However, Kenya was eclipsed by Egypt, which raised Sh42.9 billion within the evaluation interval, adopted by South Africa (Sh35.3 billion) and Nigeria (Sh20.9 billion).
“In line with earlier durations, 84% of the funding has due to this fact been going to the ‘Big Four’,” the report added.
Fintech start-ups attracted many of the funds at Sh62.6 billion, after which well being tech ventures (Sh19.3 billion) in addition to vitality start-ups (Sh13.7 billion).
In complete, start-ups raised $1.4 billiom in H1.
This comes after the nation final 12 months raised Sh82.3 billion, propelling the nation to the highest place in Africa’s startup funding rankings.