Kenya among top destinations in Africa attracting venture capital
An employee works next to stacks of one hundred dollar notes at a bank. Kenya among top destinations in Africa attracting venture capital. PHOTO | AFP
Kenya is among the top African countries that attracted the highest share of financing for start-ups and small businesses with exceptional growth prospects in the past five years (2014-2019), the African Private Equity and Venture Capital Association Ltd (AVCA) said in this month’s report.
South Africa had the most venture capital (VC) deals with 21 per cent of the total early-stage investments, Kenya got 18 per cent and Nigeria 14 per cent.
