Kenyan health-tech start-ups lure big funders

Kenyan health-tech start-ups were the second most attractive to funders in 2023. PHOTO | SHUTTERSTOCK

Kenyan health-tech start-ups were the second most attractive to funders in 2023 in Africa after an undisclosed number of firms raised a combined Sh7.5 billion ($52 million) in the year, a new report shows.

A report by healthcare consultancy firm, Salient Advisory shows that funding for innovators in Kenya increased by 32 percent in 2023. They received Sh7.5 billion ($52 million) compared to Sh5.6 billion ($39 million) in 2022, placing Kenya second after Nigeria.

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Note: The results are not exact but very close to the actual.