Kenyan entrepreneurs are among those set to benefit from a venture capital fund targeting African entities, with support coming from the US. The Jua Kickstarter Fund, which targets to provide African entrepreneurs with capital to kickstart or expand their enterprises, has doubled to $2 million (Sh220 million )to become the biggest African capital venture fund launched by private individuals. It was launched by African industrialist Adam Molai in November last year with $1million (Sh110 million)available for African entrepreneurs. Announcing the additional funding, Molai said the added capital will allow the fund to make bigger investments in enterprises as well as fund more businesses. He notes that it is not foreign investment that will provide Africa with a seat at the global table, but domestic investment.

Source: The Star January 15, 2021 08:37 UTC