Kenyan Blockchain start-ups raised $25.8 million (Sh3.5 billion) in new funding last year, pointing to the sustained growth of the country’s crypto market despite a slowdown being experienced in the industry globally, a new report shows.
The Africa Blockchain Report published jointly by venture capital firm Crypto Valley and South Africa’s Standard Bank further shows the overall funding for the sector on the continent hit $474 million (Sh64.3 billion), marking a five-fold jump from the previous year’s $90 million (Sh12.2 billion).
