Nairobi International Financial Centre Plans KSh65 Billion Startup Investment Fund

On 5 November, the Nairobi International Financial Centre announced plans to establish a KSh65 billion (approximately US$500 million) fund to finance Kenyan startups and growing businesses. Half of the proposed fund, KSh32.5 billion, is intended for technology and artificial intelligence startups, while the remaining capital will target businesses in other sectors. The fund is planned and is not yet fully raised or disbursed. The initiative creates opportunities for venture investors, fund managers, corporate finance advisers and technology businesses. HPC can support investment research, fundraising intelligence and strategic investor introductions.