Nairobi financial hub to set up Sh65bn fund for Kenyan startups

The Nairobi International Financial Centre (NIFC) will set up a Sh65 billion ($500 million) fund to capitalise startups in the country as it seeks to accelerate investments in the country’s financial sector.

Half of the funding will go to technology and artificial intelligence startups, while the rest will finance other budding businesses to accelerate growth and investment.