Kenya vs. Nigeria: Startup Funding Comparison
In 2024, Kenya raised $638 million, leading Africa with 29% of total funding. Kenya's startup ecosystem focuses on climate tech, agritech, and healthcare, supported by strong investor confidence.
Kenya Startup Funding Trends 2025
Kenya raised $638 million in startup funding in 2024, marking a 3% growth amidst a 25% decline across Africa. The cleantech sector accounted for 46% of total funding, showcasing a shift from fintech dominance.
Next Wave: What African startups need to win in the future
Venture funding in Africa dropped to $2.2 billion in 2024, a 25% decrease from the previous year. Only 385 startup ideas received VC backing in 2024, down from 600 in 2022.
Trump’s USAID Shutdown Strikes Blow to African Startups, Halting Critical Funding
President Trump's executive order has halted USAID funding, affecting vulnerable populations and startups. USAID's Development Innovation Ventures invested over $100 million in Kenyan startups over the past decade.
USAID shutdown: A $100 million setback for Kenyan startups
President Trump's executive order to shut down USAID has halted essential aid worldwide. USAID's Development Innovation Ventures (DIV) invested over $100 million in Kenyan startups over the past decade.
