How Kenya can seal gaps in funding as aid taps dry up

A growing number of promising businesses are in survival mode. Fundraising timelines have stretched, investor caution has intensified, and Kenya’s private capital ecosystem is holding its breath.

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For years, grants and aid kept Kenya’s startups afloat—fueling innovation, plugging capital gaps, and reducing investor risk. But that lifeline is fading fast, and the shift to private capital is proving bumpier than anyone expected.

Many local investors previously partnered with USAid and other donor programmes to co-finance startups and SMEs.

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