Kenyan corporates urged to step up as startup funding gap widens
NAIROBI, Kenya, Sept 24 – Kenyan corporates have been urged to move beyond brand sponsorships and step into strategic investment as the country’s startups Kenya breaking news | Kenya news today |..
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Kenyan corporates are being urged to increase their strategic investment in local startups to address a widening funding gap, despite the country's reputation for innovation. A new report, the Corporate Venture Capital (CVC) State of Play in Kenya, highlights a significant lack of local corporate participation in venture financing.
- Global CVC funding reached $130 billion in 2024, nearly doubling 2017 levels, while Kenyan corporate engagement remains low.
- Africa's early-stage businesses face an annual funding gap of $194 billion, equivalent to about 7% of the continent's GDP.
- The report was launched in Nairobi by the UK-Kenya Tech Hub and ViKtoria Ventures as part of the Angel Leads Program.
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Initiatives Emerge to Channel Investment into Kenyan Startups, Funds, and Green Buildings - September 2025
Kenyan corporates are being urged to increase their strategic investment in local startups to address a widening funding gap, as highlighted in a new Corporate Venture Capital report. In a related development, Sycamore Capital Limited's Cashlet App has received approval from the Capital Markets Authority (CMA) to connect retail investors with licensed fund managers for investments in Collective Investment Schemes (CIS). Meanwhile, leading Kenyan banks and insurers have pledged increased support for climate-smart financing for the nation's building sector. This commitment to sustainable financing was made during a high-level forum in Nairobi and is considered crucial for infrastructure protection and green job creation.
