Kenya start-ups raise Sh669bn in a decade

Operating the chama assets in the names of the founders is very risky in as much as you trust them. FILE PHOTO | POOL

Kenyan start-ups have attracted venture capital funding in excess of $4.5 billion (Sh669 billion) in the past decade, led by fintech, clean technology, health and agriculture sectors.

Investment statistics compiled by the East Africa Venture Capital Association (EAVCA), advisory firm I&M Burbidge Capital and research and intelligence firm Briter Bridges show that the disclosed value of VC investments in East Africa between 2013 and June this year stood at $5.5 billion (Sh806.6 billion).

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