In Africa, Kenyan startups have so far recorded highest funding growth this year

Kenyan startups raised nearly one billion dollars in the first half of 2022, surpassing what the country raised in the whole of 2021. Data shows that, of the big four in Africa – the quartet that includes Nigeria, Egypt and South Africa, and which receives most VC funding in the continent – Kenya has so far showed the greatest growth in funding gained this year.
This is after the East African country, through 76 deals, raised $820 million in the first half of the year, according to the Big Deal database. This is almost double the funding secured by the country’s startups last year.
The Big Dea

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