Konza inks deal with NSE to connect investors with tech start-ups

Konza inks deal with NSE to connect investors with tech start-ups

Konza Technopolis Development Authority (KoTDA) has inked a deal with the Nairobi Securities Exchange (NSE) with an aim to connect investors with viable tech start-up businesses that are being incubated by Konza Technopolis.

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

Tanui said they are  focusing on creating partnerships that will help Kenyan tech start-up companies to grow into global entities.

“We look forward to more engagement with the NSE to help achieve this strategic objective.”

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.

This  will 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.”

On his part, NSE Chairman Kiprono Kittony lauded the progress made in the development of the Konza Technopolis saying  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.

Kittony stated that the country is currently considered a frontier market that will require creation of more investment opportunities to attract global investors to Kenya.

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