Connect with us

Business News

Konza eyes partnership with NSE to link startups and investors



Nairobi, Kenya, October 25 – Konza Technopolis Development Authority (KoTDA) is seeking to partner with the Nairobi Securities Exchange (NSE) to connect investors with viable tech start-up businesses that are being incubated by KoTDA.

Speaking during a meeting with NSE Chairman, Kiprono Kittony, KoTDA Chief Executive Officer, John Tanui said the Authority is keen on partnerships with organizations that will support KoTDA to nurture local tech start-up firms to grow and commercialize their ideas.

Tanui said KoTDA is focusing on creating partnerships that will help Kenyan tech start-up companies to grow into global entities in line with its plan to convene, connect and catalyze a conducive environment for technology start-ups and SMEs.

“We look forward to more engagement with the NSE to help achieve this strategic objective to enable SMEs to thrive and scale in partnership with other actors in the Innovation Ecosystem,” Tanui said.

The KoTDA CEO added that the Authority is also evaluating the funding models that can be created in partnership with the NSE to support Kenyan tech start-ups to raise capital and enable more Kenyans to participate in the development of the Konza Technopolis.

“Real Estate Investment Trusts (REITS) are among the funding models KoTDA is considering to tap into as we engage the NSE. Our aim is to ensure that at least 90 percent of the investment in Konza Technopolis is derived from the private sector.” Tanui added.

On his part, NSE Chairman, Mr. Kiprono Kittony hailed the progress made in the development of the Konza Technopolis reiterating its potential to enable Kenya’s economy to leap forward into the status of an emerging market for foreign investors looking to invest in Kenya.

“Kenya is currently considered a frontier market. For Kenya’s economy to leap forward into the emerging market status, we need to create more investment opportunities that will attract global investors to Kenya,” he added.

Source link