GJO & Partners

Funding and investors in Kenya: market analysis

Who invests in Kenya, in which sectors, with which tickets and instruments: every figure below is computed from the funding deals recorded on the platform.

183

deals recorded

52

over 12 months

10 M$

median disclosed ticket

191

identified investors

Key findings

  • 183 funding deals recorded (Kenya) since 2007, involving 141 companies and 191 identified investors. 52 of them over the last 12 months (45 the previous year).
  • Median disclosed ticket: 10 M$; half of the deals fall between 4.5 M$ and 37 M$ (127 amounts disclosed out of 183, 26.5 bn $ in total).
  • Where the money goes: Energy (27 %), Agribusiness (13 %), Financial services (13 %).
  • Most frequent stage: Growth (28 %); most used instrument: Equity (54 %).
  • Most active investors: IFC (International Finance Corporation) (8), Renew Capital (8), Novastar Ventures (7).
  • 30 % of deals are syndicated (at least two investors around the table).

Sectors

  • Energy50
  • Agribusiness24
  • Financial services23
  • Fintech15
  • E-commerce10

Industries

  • Electric mobility18
  • Agritech8
  • Renewable power plants: solar, wind, hydro, geothermal, biogas8
  • Banking7
  • Clean cooking7

Stages

  • Growth51
  • Debt37
  • Seed26
  • Pre-Seed11
  • Series A10

Instruments

  • Equity98
  • Senior debt43
  • Quasi-equity2
  • Grant2
  • Mezzanine debt1

Deals per year

YearDealsDisclosed amounts
2021528 M$
202217186 M$
2023641.2 M$
202446509.3 M$
2025431.2 bn $
20264824.1 bn $

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
Raffinerie de Lamu (East Africa Oil Refinery)Oil and gas (upstream and gas infrastructure) · Kenya · GrowthSept 202616 bn $undisclosedsource
SunCultureProductive use: solar cooling and pumping · Kenya · DebtSept 202610 M$Mirova Natural Capitalsource
National Bank of Kenya (fusion avec Access Bank Kenya)Banking · Kenya · GrowthSept 2026undisclosedAccess Banksource
SpiroElectric mobility · Kenya · DebtSept 202618 M$Africa Go Green Fund (AGG)source
PeopleGatewayRecruitment and staffing · KenyaSept 2026undisclosedAfrica Jobs Fundsource
VelocityVocational training · KenyaSept 2026undisclosedAfrica Jobs Fundsource
WatuVehicle and productive-asset finance · Kenya · DebtSept 20267 M$AHL Venture Partnerssource
East African Breweries (EABL)Beverages and brewing · Kenya · GrowthSept 20262.3 bn $undisclosedsource
Zamara HoldingsInsurance · Kenya · GrowthSept 2026undisclosedAmethissource
ARC RideElectric mobility · Kenya · DebtSept 202633.3 M$Novastar Venturessource
Arc Ride LtdElectric mobility · KenyaSept 2026undisclosedProparcosource
NCBA GroupBanking · Kenya · GrowthAug 2026855 M$Nedbanksource
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.