Start-ups chalk up Sh44bn funding

Businessman Tony Elumelu during a past press briefing in Nairobi. FILE PHOTO | NMG

Kenyan start-ups raised Sh43.5 billion ($428.91 million) last year, a fundraising tracking firm has revealed.

According to the 2019 funding report by WeeTracker, Kenya came only second to Nigeria in the amount received during the year, indicating the attractiveness of the country to deal financiers.

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