Workers at Kenyan-based Twiga Foods Ltd. Kenya is home to several startups, such as Twiga Foods and Komaza, attracting billions of shillings annually from international investors. PHOTO | FILE | NATION MEDIA GROUP
Funding for Kenyan startups by international investors declined by $138 million last year amid a fall in the number of deals valued at more than $1 million.
Data from American online platform Substack shows that funding for young Kenyan firms fell to $411 million last year from $549 million in 2020, a 25.1 percent drop.
