Kenyan start-ups got Sh91.4 billion from venture capital (VC) funds last year, defying a global decline in such funding and the closure of tech companies.
A new report by African Private Equity and Venture Capital Association (AVCA) titled Venture Capital in Africa shows Kenya received $676 million (Sh91.4 billion at current exchange rates), representing 13 percent of the total $5.2 billion raised in venture capital in the continent over the year.
