Why funding eludes Kenyan startups

Sankalp lead (Sub-Saharan Africa) Arielle Molino with GIZ East Africa Hub Manager Lucie Plusch during a past event at the Kenya School of Monetary Studies, Nairobi. [Wilberforce Okwiri, Standard]

From face value, it appears more and more startups in Kenya, and the rest of the continent, are attracting massive amounts of funding. This is undoubtedly good for business.

But the funding, as detailed by some experts and studies, could not be making sense, owing to the fact that local solutions, that startups are building, are not prioritised.