Domestic funding drought flagged as threat to start-ups

BDSocialenterprise

Insufficient research and local risk funding for start-ups are stifling the Kenyan new enterprise ecosystem. FILE PHOTO | SHUTTERSTOCK

Insufficient research and local risk funding for start-ups are stifling the Kenyan new enterprise ecosystem, experts say, despite it being termed vibrant and progressive.

In just under a year, at least six tech start-ups have closed shop on the back of difficult market conditions and funding hitches, hurting the country's vision to become the Silicon Savannah of Africa.

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