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American tycoons scout for ICT, agritech deals in Nairobi
Agriculture-focused fintechs accounted for a disproportionately small share of the $880 million raised by Kenyan startups in 2023. FILE PHOTO | COURTESY
American investors have given priority to deals in ICT, apparel and agriculture after the Biden administration targeted Kenya as a key trading partner on the continent to “develop durable solutions that advance supply chain resilience” for the world’s largest economy.
The businessmen attending a two-day investment meeting in Nairobi are scouting for multibillion-shilling deals with Kenyan firms in the presence of President William Ruto on Thursday, organisers said.
