New program launched to boost startups funding across Kenya

Kenya has unveiled a new nationwide program designed to boost startup funding, reinforcing its commitment to innovation and entrepreneurship. The initiative, announced by the Ministry of ICT and Digital Economy, aims to provide early-stage ventures with access to capital, mentorship, and investor networks. Officials emphasized that the program will help startups overcome funding barriers, scale their operations, and contribute to Kenya’s digital economy growth.
The program builds on the Kenya Startup Bill (2025), which established a legal framework for supporting entrepreneurs through tax incentives and streamlined registration. It also complements the Digital Economy Blueprint 2025, which prioritizes innovation as a driver of sustainable development. By integrating government support with private sector investment, the new program seeks to create a robust ecosystem where startups can thrive.
Industry leaders welcomed the initiative, noting that Kenya’s startup ecosystem has already demonstrated strong potential. In June 2025, startups raised more than $92 million, including landmark deals such as BURN Manufacturing’s $80 million funding round and Peach Cars’ $11 million Series A. Analysts argue that the new program will accelerate this momentum by ensuring that more startups, especially in fintech, agritech, healthtech, and clean energy, gain access to critical funding.
Looking ahead, experts believe the program will reshape Kenya’s digital future by fostering entrepreneurship, creating jobs, and attracting foreign investment. With a youthful, tech-savvy population and expanding digital infrastructure, Kenya is positioning itself as East Africa’s innovation capital. The launch of this program signals a strategic move to ensure that promising ideas receive the support they need to grow into transformative enterprises.