How 10 start-ups in Kenya raised Ksh.25 billion despite 2024 funding slowdown

[@HAJJhassan375]

Wait wote ni wazungu kwani ?

[@screwball747]

99% inaenda Kwa walami hizi Ni story za ukoloni

[@ApolloNgitto]

Bana 😂 eeh

[@Kurukan-Fuga]

Kama sio mzungu au muindi, basi ni Mlima

[@blackhassan-rt5tk]

Bana..😢

[@Rob-Math]

@@Kurukan-Fuga 😂😂😂😂

[@RachealKibaiya-r2p]

If its British its not Kenyan!😢

[@our10picks18]

Last year Kenya received $800 million in Venture capital funding, emerging the leader in Africa by beating SA, Nigeria and Egypt! Looks like the same thing will happen in 2024! This is despite all the gossip about Kenyan companies shutting down and many of them relocating to neighboring Tanzania! 😅 Tanzania itself receives almost nothing in VC funding! In terms of FDI, Kenya’s attractiveness to investors is starting to wane compared to its regional peers! Like in 2023, Kenya attracted $1.504 billion in FDI, a decrease of 5.85% compared to 2022 when it got $1.597 billion! On the other hand Tanzania attracted $1.34 billion in FDI in 2023, an increase of 5.85% compared to 2022! Ethiopia is the leader in FDI investment since it attracted $3.26 billion followed by Uganda which received $2.89 billion in FDI in 2023! This dip in Kenya’s FDI inflows is as a result of red tape and corruption!

[@screwball747]

What percentage of these funds went to indeginous Africans??

[@NerdNovaTech]

The information provided contains several inaccuracies and requires clarification. Let's address each point: 1. Venture Capital Funding in Kenya: Claim: "Last year, Kenya received $800 million in venture capital funding, emerging as the leader in Africa by surpassing South Africa, Nigeria, and Egypt." Clarification: In 2023, Africa attracted a combined total of $4.5 billion in venture capital and venture debt investments across 603 deals. Kenya's share of this funding was approximately $172 million, accounting for about 23% of the total. While this is a significant portion, it does not make Kenya the leader in Africa, as Nigeria, South Africa, and Egypt also received substantial investments. 2. Venture Capital Funding in 2024: Claim: "Looks like the same thing will happen in 2024!" Clarification: As of mid-2024, African technology and startups secured a total of $780 million in funding, reflecting a 57% decline from the previous year. This indicates a significant decrease in venture capital investments across the continent. 3. Kenyan Companies Shutting Down and Relocating: Claim: "This is despite all the gossip about Kenyan companies shutting down and many of them relocating to neighboring Tanzania!" Clarification: While some Kenyan companies have faced challenges, including financial difficulties and regulatory hurdles, there is no substantial evidence to suggest a widespread trend of companies shutting down or relocating to Tanzania. The business environment in Kenya remains dynamic, with both opportunities and challenges. 4. Tanzania's Venture Capital Funding: Claim: "Tanzania itself receives almost nothing in VC funding!" Clarification: Tanzania's share of venture capital funding is relatively smaller compared to Kenya, Nigeria, South Africa, and Egypt. However, the exact figures for 2023 are not specified in the available sources. It's important to note that venture capital funding can vary significantly year by year and is influenced by various factors, including the maturity of the startup ecosystem and investor confidence. 5. Foreign Direct Investment (FDI) in Kenya: Claim: "In terms of FDI, Kenya’s attractiveness to investors is starting to wane compared to its regional peers! Like in 2023, Kenya attracted $1.504 billion in FDI, a decrease of 5.85% compared to 2022 when it got $1.597 billion!" Clarification: Kenya's FDI inflows have experienced fluctuations. In 2023, Kenya's FDI increased by KES 101,915 million, indicating a positive trend. However, the exact figures for 2023 are not specified in the available sources. It's important to consider that FDI can vary due to numerous factors, including global economic conditions, domestic policies, and sector-specific developments. 6. FDI in Tanzania, Ethiopia, and Uganda: Claim: "On the other hand, Tanzania attracted $1.34 billion in FDI in 2023, an increase of 5.85% compared to 2022! Ethiopia is the leader in FDI investment since it attracted $3.26 billion followed by Uganda which received $2.89 billion in FDI in 2023!" Clarification: The specific FDI figures for Tanzania, Ethiopia, and Uganda in 2023 are not detailed in the available sources. However, it's important to note that FDI inflows can vary significantly year by year and are influenced by various factors, including economic policies, infrastructure development, and sectoral growth. 7. Reasons for Kenya's FDI Decline: Claim: "This dip in Kenya’s FDI inflows is as a result of red tape and corruption!" Clarification: While challenges such as bureaucratic hurdles and corruption can impact FDI inflows, attributing the decline solely to these factors may be an oversimplification. FDI trends are influenced by a complex interplay of factors, including global economic conditions, domestic policies, infrastructure development, and sector-specific opportunities. It's essential to consider a comprehensive analysis when evaluating FDI trends. Conclusion: The original statement contains several inaccuracies and requires a nuanced understanding of the current economic landscape. While Kenya remains a significant player in Africa's venture capital and FDI arenas, the dynamics are complex and influenced by various factors. It's crucial to consult up-to-date and reliable sources to gain an accurate perspective on these matters.

[@Edyi_44]

There's no company that has ever relocated from Kenya to Tanzania that's just falsehood for people to peddle their frustrations towards the president

[@NerdNovaTech]

Wrong calculations 1/3 if that is what Kenya received meaning it is 33.33%

[@haveacupacapuccino4834]

Video inaanza saa ngapi jamani?

[@george6863]

What is debt-equity funding? Is it a mix if the two, or is it convertible debt ama what do you mean?

[@techqast6354]

Most of this companies are European based.... and debt focused... Which simply seems/means like Europeans are simply investing in Kenya and this businesses are quite profitable....

[@RachealKibaiya-r2p]

Colonial

[@nyakarundi]

most of those companies are not Kenyan owned, why cant we find Kenyan owned companies? you should show us the pictures of the founders so people can see. LOOOL

[@karianick]

How is a British company "Kenyan"? Dude, get serious with your reports!

[@thukusimon]

Do these companies pay taxes to begin with? There are some foreign companies that get alot of linience when it comes to taxes like Total and Shell.

[@govedimasonkole]

I like your hair

[@anyabless9970]

Please don’t say these are Kenyans - Hawa ni wazungu coz politicians have billions lakini ni matumbo but don’t fund wakenya start-ups. It is a wrong presentation bwana- sema hi ya wazungu - what nonsense

[@humphreywanjiku62]

Great presentation.... too many whites in my opinion. But facts are facts

[@StephenMumbwani]

kenyans we are slow to identify such opportunities. maybe lack of information

[@markmuteti9578]

​​@@StephenMumbwanini racism bro for an indigenous Kenyan African lazma awe na mzunye kama co founder ndio a secure funding ask around and you will be shocked.

[@lynnetmyles8401]

True ​@@markmuteti9578

[@samykaranja4119]

I have been in this field and I came to realize Kenyans have a lot of quite good ideas but during pitching they hardly make it to the next level or given just little support as compared to whites. It's disheartening ​@@StephenMumbwani

[@surayasecurities]

@@StephenMumbwani laziness more like it

[@posttimenbo]

Stop this nonsense of Kenyan startups, none of those are Kenyan startups. They are western based startups with branches in Kenya. When will we Kenyan's stop these delusions!

[@surayasecurities]

its race driven

[@posttimenbo]

@@surayasecurities Sadly true, even our local founders are forced to incorporate in Delaware if they need to get any venture capital investments.

[@mbaonianthony3837]

That is USD 200 million which means right now any industrial disruption is inevitable which will create a lot of billionaire every year

[@RachealKibaiya-r2p]

European billionaires

[@mbaonianthony3837]

May the best win 🏆 😊

[@RachealKibaiya-r2p]

I see the British have Come to invest in apartments. ....???y