Kenyan President William Ruto addressed main U.S. know-how corporations and traders at a U.S.-Kenya Enterprise Roadshow at present in San Francisco organized by the U.S. Authorities’s Prosper Africa initiative and the U.S. Embassy in Kenya.
The roadshow highlighted the enterprise and funding potential in Kenya’s booming tech sector. The occasion is a part of a three-city U.S.-Kenya Roadshow tour showcasing alternatives for corporations exploring doing enterprise and investing in Kenya.
Dubbed the Silicon Savannah, Kenya has constructed a bustling tech sector and has the chance to place itself because the premier vacation spot for tech sector funding and innovation in Africa.
The know-how ecosystem in Kenya is already thriving, with one of many highest charges of enterprise capital funding on the continent. Whereas enterprise capital flows decreased by 35 p.c globally final 12 months, whole funding in Africa elevated by 8 p.c. In Kenya, funding elevated by 33 p.c, one of many highest progress charges on the continent.
The U.S. roadshow launched on April 25 in New York Metropolis with a give attention to the attire sector, then traveled to Chicago on September 13 to focus on agri-business, and concluded this week in San Francisco. Every cease featured a mixture of panel discussions, enterprise matchmaking, and networking.
