Kenya accounted for the second largest volume of venture capital deals in Africa after South Africa between 2015 and 2019, helped by its position as the eastern Africa regional economic hub.
A report by the African Private Equity and Venture Capital Association (AVCA) on VC deals for the period shows that Kenya accounted for 18 percent of the $3.9 billion (Sh415.4 billion) total VC deals in the five-year period, translating to about $702 million (Sh74.8 billion).
