Kenya was the third most preferred startup investment destination in Africa last year, attracting a total of 73 deals after South Africa and Nigeria which saw 107 and 136 pacts signed respectively, a new report shows.
Digital payments service provider Cellulant’s deal with The Rise Fund where the former sold a 44.04 per cent stake worth Sh4.8 billion to the subsidiary of US-based TPG Growth Company, was the largest in the country.
