BOLDEN African News · Friday 6 November 2026
Nairobi International Financial Centre plans a Sh65 billion fund for startups and SMEs
The Nairobi International Financial Centre plans a Sh65 billion ($500 million) fund to finance technology businesses, AI companies and SMEs, with Sh32.5 billion ($250 million) aimed at technology and AI startups. NIFC would lead fundraising and startup assessment, and has begun selecting an organisation to co-host the fund with a professional fund manager. The fund has not yet closed.
Why it matters
Kenyan startups raised Sh16 billion in the six months to June 2026, down 45% from Sh29 billion a year earlier and the lowest first-half total since 2021, according to TechTrendsKE.
Sources: TechTrendsKE, Business Tech Africa · 6 November 2026