Kenyan start-ups defy pandemic, raise Sh19b

budget, treasury, public borrowing

People Daily | by John Otini

Kenya beat Nigeria and South Africa to attract the highest startup funding this year despite the Covid-19 pandemic, according to a new report.

Kenya’s top 10 startup investment funding totalled Sh19 billion compared to Sh17 billion and Sh15 billion for Nigeria and South Africa in that order.

“The most common destinations for African Startup Investment was Nairobi and Lagos.

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