President of Kenya Joins U.S.-Kenya Business Roadshow in San Francisco

William Ruto, the president of Kenya spoke to leading U.S. technology companies and investors at a U.S.-Kenya Business Roadshow today in San Francisco organized by the U.S. Government’s Prosper Africa initiative and the U.S. Embassy in Kenya.

As part of a three-city U.S.-Kenya Roadshow tour showcasing opportunities for companies exploring doing business and investing in Kenya, the event shed light into the business and investment potential in Kenya’s booming tech sector.

Named Silicon Savannah, Kenya has built a bustling tech sector and it stands a chance to position itself as the premier destination for tech sector investment and innovation in Africa.

Already the country has a thriving technology ecosystem with one of the highest rates of venture capital investment on the continent.

Last year, total funding in Africa increased by 8 percent while venture capital flows decreased by 35 percent globally. In Kenya, investment increased by 33 percent, one of the highest growth rates on the continent.

The U.S. roadshow was launched on the 25^th of April in New York City with a focus on the apparel sector, then travelled to Chicago on September 13 to highlight agri-business, and concluded this week in San Francisco. Each stop featured a mix of panel discussions, business matchmaking, and networking.