Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya tops rivals in 2024 venture capital investments
Report shows that 67 percent of Africa's total climate-focused VC funding went to Kenya, further establishing the country as a hub for climate investment.
The Kenyan startup sector received Sh69.4 billion ($537 million) in venture capital (VC) funding in the year to December 31, 2024, a new report shows, beating traditional main rivals such as South Africa, Nigeria, and Egypt.
A new report by research platforms Future Africa and WeeTracker Media shows that Kenya’s haul of VC investment in 2024 from 73 deals, was three percent higher compared to the previous year and was equivalent to 26 percent of Africa's total inflows of $2.07 billion (Sh267.64 billion) for the year.
