Kenya vs. Nigeria: Startup Funding Comparison
- In 2024, Kenya raised $638 million, leading Africa with 29% of total funding.
- Kenya's startup ecosystem focuses on climate tech, agritech, and healthcare, supported by strong investor confidence.
- Nigeria secured nearly $400 million in 2024, with fintech accounting for 46% of its funding in Q1 2025.
The contrasting paths of Kenya and Nigeria in the startup ecosystem highlight the importance of tailored strategies for attracting investment. While Kenya's diversified approach offers stability, Nigeria's fintech focus presents significant growth opportunities despite its challenges. Investors should consider these dynamics when deciding where to allocate resources in Africa's evolving tech landscape.
