The MEST Africa Challenge returns for its second year, offering up to $50k in equity investment for startups based in Ghana, Nigeria, Kenya, South… read more
Kenya startup ecosystem overview
The Kenyan startup ecosystem is on the move. It is a leading hub for entrepreneurship on the continent thanks to several strengths, including a growing number of engaging international investors, a huge population with access to technology, and a growing number of startup support organizations active in the ecosystem.
Venture Finance in Africa Research
For the fifth consecutive year VC4A has produced annual research and analysis on trends in the African startup ecosystem. For the 2018 research cycle, VC4A has published a pan-African study including 6 country specific deep dives.
VC4A research on 1,333 ventures registered in the country shows a clear relationship between venture performance and the support these ventures receive from the Kenya startup ecosystem. For example, 50% of the companies participating in ecosystem support programs secure investment. Even more interesting, the average investment secured is almost 6 times higher for the ventures receiving ecosystem support: USD $191K vs USD $34K. These companies are also more likely to create new jobs.
More specifically, 72% of the Kenya ventures are creating jobs with an average of 5.5 FTE per venture. When taking a further look at the age groups, 72% of them are between 12 and 35 years which is a little below the percentage on a pan-African scale (60%). This is a considerable contribution to the country given its growing population and justifies further investment in the growth and development of the startup ecosystem and the entrepreneurs it supports.
VC4A Startup Academy
Start your business
The ‘Start your business’ course is aimed at founders who are in the phase of developing ideas and testing product-market fit.
The first module focuses on how to build a great team, the second module on the environment you operate in and the third module discusses the importance of knowing your target market.View course
Grow your business
The course on ‘Grow your business’ is for startup founders who are looking to scale their operations when they are getting traction for their product or service.
One module breaks down the different types of business models to consider, and the other module focuses on ways to build traction and grow the customer base.View course
Finance your business
The ‘Finance your business’ course is aimed at entrepreneurs who are looking to raise external capital.
In the first module you will learn how to structure your business’ financials, contracts, and other legalities. The second module unpacks how to fundraise successfully.View course
Your legal business
The ‘Your legal business’ course is aimed at founders who want to learn more about the legal implications of setting up their business and getting their operations funded.
The first module focuses on legal basics, the second module on the funding concepts.View course