BUSINESSTHE RIO TIMES
Kenya Startup Funding Slows Sharply as Investors Pivot to Quality Over Quantity
Kenya's startup funding peaked at $1.1 billion in 2022 but dropped 40% to $692 million in 2023. The number of startups raising at least $100,000 fell by 23%, with investors prioritizing quality over quantity. Cleantech is noted as a sector attracting attention.
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