Why few startups scale despite creating 80pc new tech jobs

As Kenya’s job market becomes increasingly crowded, fast-growing startups are emerging as critical engines of employment in the tech industry. Yet limited State support risks slowing the growth of the companies that create the most jobs.

The fast-growing companies now account for 80 percent of all new jobs created in Kenya annually, but account for just 15 percent of all companies, according to a new study by Endeavor Insight, a research affiliate of entrepreneurs’ network organisation Endeavor.