Investing in Kenya
East Africa’s financial and technology centre, and the continent’s largest destination for venture funding in 2025.
The numbers
Where the market stands
| Measure | Value | Source | Year |
|---|---|---|---|
| Tech funding, 2025 | $1.04bn | Partech Africa | 2026 |
| Change on 2024 | +72% | Partech Africa | 2026 |
| GDP growth, 2025 | 4.6–5.0% | AfDB / World Bank | 2025 |
| Inflation, 2025 | 4.1% | AfDB | 2025 |
The case
Why capital is looking at Kenya
- Displaced Nigeria as the continent’s largest tech funding destination in 2025, the first reversal since the 2019–2022 period.
- Mobile money infrastructure is mature rather than emerging, which shortens the build for anything that settles payments.
- Regional headquarters function for East Africa, so a single entity can reach several markets.
The risks
Key risks
- High public debt, and a fiscal position that constrains counter-cyclical response.
- Political uncertainty ahead of the 2027 election cycle.
- Agricultural exposure to rainfall variability, which transmits to inflation and rural demand.
Execution
What entry involves
Company registration and work permits are relatively straightforward. The main consideration is often the quality of local counterparties and relationships.
Priority sectors in Kenya
Other markets
Enquiries
Talk to the desk about Kenya
Tell us the mandate, its stage and the timing. We will come back with the relevant market, sector and next steps.
