The Nairobi Securities Exchange (NSE) has signed a partnership with the Konza Technopolis Development Authority (KoTDA) to link start-up businesses to potential investors.
“KoTDA is focusing in creating partnerships that will help Kenyan tech start-up companies to grow into global entities,” said KoTDA Chief Executive John Tanui.
“Real Estate Investment Trusts (Reits) are among the funding models KoTDA is considering to tap into as we engage the NSE. We aim to ensure that at least 90 per cent of the investment in Konza Technopolis is derived from the private sector,” said Tanui.
The partnership is under the KoTDA incubation programme for tech start-ups in line with the knowledge economy and innovation pillar of its second strategic plan (2021-2025).
The strategy seeks to convene, connect and catalyse a conducive environment for technology start-ups and SMEs to thrive.
NSE Chairperson Kiprono Kittony hailed the progress made in the development of the Konza Technopolis.
Kittony added that Konza Technopolis has the potential to enable Kenya’s economy to leap forward into the status of an emerging market for foreign investors looking to invest in Kenya.