Economy Domestic funding drought flagged as threat to start-upsInsufficient research and local risk funding for start-ups are stifling the Kenyan new enterprise ecosystem. To remedy this continuing deterioration of the sector, the experts suggest tapping into private domestic funding, with corporates playing a more active role to bridge the risk capital deficit. Read: Restructure the domestic debtMs Ndeti notes that encouraging more participation requires the government to incentivise the activities of investors, venture capital firms and venture builders. Kenya comes third in place in Africa for the global start-up ecosystem index behind South Africa and Nigeria. The Kenyan start-up ecosystem is recognised as among the most progressive ones in Africa owing to its commendable level of funding.

Source: The North Africa Journal May 01, 2023 08:05 UTC