Kenyan President William Ruto will take center stage today at the U.S.-Kenya Business Roadshow in San Francisco, California. The event, organized by the U.S. Government’s Prosper Africa initiative and the U.S. Embassy in Kenya, brings together leading U.S. technology companies and investors to explore the vast business and investment potential within Kenya’s thriving tech sector. This marks the culmination of a three-city U.S.-Kenya Roadshow tour, with previous stops in New York City and Chicago, each focusing on different sectors of opportunity.
Nicknamed the “Silicon Savannah,” Kenya has made remarkable strides in developing a bustling tech sector, positioning itself as a potential hub for tech sector investment and innovation on the African continent. The country’s technology ecosystem is already flourishing, boasting one of the highest rates of venture capital investment in Africa. A notable achievement is that while venture capital investment worldwide decreased by 35 percent in the past year, total funding in Africa surged by 8 percent, with Kenya leading the charge with a remarkable 33 percent increase, one of the highest growth rates across the continent.
The U.S.-Kenya Business Roadshow embarked on its journey earlier this year, commencing in New York City on April 25, with a primary focus on the apparel sector. The tour then made its way to Chicago on September 14, highlighting agri-business opportunities. Finally, today’s event in San Francisco marked the grand finale. Each stop along the way featured a diverse program, including engaging panel discussions, productive business matchmaking sessions, and valuable networking opportunities.
Participating companies in today’s roadshow include Microsoft, Cisco, IBM, Kyosk, Google, SunCulture, and many more.