The Venture Capital & Private Equity
Country Attractiveness Index
Alexander Groh, Heinrich Liechtenstein, Karsten Lieser and Markus Biesinger

Kenya  
Rank: 76 · Score: 44.8  

Basic facts, 2020        
Population (millions) 53.8   IPOs and pulic issues (quartile) Bottom
GDP (US$ billions) 99.8   M&A volume (quartile) 2nd
GDP per capita (US$) 1,855.7   Venture capital investments (quartile) 3rd
GDP growth (per cent) -0.5   Private equity investments (quartile) 3rd
 
 
 
Performance Overview
Indicator   Rank / 125 Rank Trend Score
VC/PE Country Attractiveness Index 76 48, 59, 60, 58, 49 44.8
1 Economic Activity 64 50, 50, 45, 56, 61 71.4
2 Depth of Capital Market 78 51, 66, 63, 56, 47 31.1
3 Taxation 100 28, 26, 20, 24, 25 79.8
4 Investor Protection and Corporate Governance 38 50, 52, 78, 76, 87 76.9
5 Human and Social Environment 88 24, 30, 32, 37, 37 26.6
6 Entrepreneurial Opportunities 67 47, 49, 54, 57, 58 46.2


 
Historic performance, 2017-2021   Key driver performance, 2021
 

   
VC/PE Rank  
VC Rank  
PE Rank
Kenya  
Africa
 
 
 
Peer Group Comparison
 
Regional Peers Economic Activity Depth of Capital Market Taxation Investor Protection and
Corporate Governance
Human and Social
Environment
Entrepreneurial
Opportunites
Mauritius 58.1 56.1 96.4 90.4 16.9 39.0
Nigeria 70.5 53.4 64.3 57.6 20.4 42.1
Ghana 71.2 39.5 84.3 64.5 28.1 38.8
Kenya 71.4 31.1 79.8 76.9 26.6 46.2
Namibia 44.6 39.3 85.7 75.2 32.8 33.3
Rwanda 52.6 21.5 96.9 85.4 34.4 35.5
Tanzania 74.3 15.9 54.2 59.5 29.4 37.0
Last updated: 21 Jun 2021