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$1.2 Million Given to Kenya to Fund Tech Startups

Staff | AFK Insider   in  · ·
February 10, 2015

A new initiative launched last week by Kenya’s Information Communication Technology Authority (ICTA) and the Netherlands Trust Fund phase III — a programme funded by the Dutch government — has signed a three-year funding project aimed at Kenyan ICT startups and SMEs.
The funding, according to TechCabal, is worth US$1.2-million and is aimed at enhancing the export competitiveness of Kenyan ICT companies.
The argument that African startups need venture capital cannot be repeated enough. Except for a few startups that have venture capital, the majority of African startups often have great ideas but not enough money to implement them into startups…


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