The Money Keeps Coming, Just Not for Everyone, as Clean Energy Firms Pull Ahead in Kenya’s Startup Race

Venture capital tends to carry a story about expansion. More deals, more founders, more ideas entering the market.

Yet the numbers coming out of Kenya’s startup ecosystem in 2025 tell a more complicated story, one where funding grew in volume while narrowing in reach. Out of Sh141 billion raised by Kenya-based startups last year, Sh98.

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