Oge began writing blog post in 2017 after finishing his Secondary Education at Saint Patrick's Secondary School Enugu. He attended Zhejiang University of science and technology at the department of Digital Media Technology also currently schooling at Enugu State University of science and technology (ESUT) In the department of Geology and Minning. Oge Ebube has many works in Music and he is currently writting a short novel 'Je suis Prisoner: I'm a Prisoner'.
Email: ogeebube@validnewstoday.com
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According to the poll, the country boasts more than 100% mobile penetration, 90% internet coverage, and a diverse set of B2C e-commerce merchants, lowering business costs.
Thus far in 2022, 242 tech firms have raised $1.28 billion between January 2015 and November 2022. They raised $506.6 million last year alone, nearly doubling the $291.9 million raised in 2021 and setting a new yearly total for the ecosystem.
According to the report, which mapped 47 counties, 58% of Kenyan entrepreneurs have a presence in Nairobi and have been growing to other regions of the nation.
Although 53% of them are based in Kenya, there is significant interest in expanding to other East African and West African nations. 91% of the firms that responded to the poll attempted to obtain capital from investors.
Just 6% of startups are utilizing their own money, while 3% did not respond. Of the 33 firms that attempted to generate funds, 97% were able to do so through various means such as loans, investments, and grants. Just two startups were acquired or merged with another firm.
According to the report, 97% of startups found it difficult to raise capital, while only 3% found it simple. The majority of startups (65%) want investments in return for a stake in the firm, while 15% seek a combination of loans and investments and others (12%) seek only loans. A few (8% of the population) are seeking grants or safe notes.
Fintech is the most populated sub-sector of the Kenyan start-up space in terms of levels of activity with 93 firms, making up 30.2% of the country’s ventures cementing its ability to solve fundamental problems at a time tech solutions are received well and quickly adopted at.
Last year, at least 308 tech start-ups were in operation across Kenya, employing more than 11,000 people.
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