Diversify Kenya’s tech ecosystem

Delegates and exhibitors during the inaugural 2019 Afro-Asia Fintech Festival hosted by The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) at the Kenya School of Monetary Studies on July 15, 2019. 

Photo credit: File | Nation Media Group

Disrupt Africa, a publication that tracks the growth of the African tech ecosystem from a funding perspective, reveals that the region experienced growth, diversity, and challenges.

The African Tech Startups Funding Report 2023 shows that African startups raised a total of $2,406,914,000. This figure represents a decline compared to previous years, marking the first time since 2016 that total funding has not grown by 40 percent or more.

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