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Kenya is a country in east africa with a rapidly growing startup scene with a rich history of entrepreneurship innovative technological advancements and a young and dynamic population kenyas startup scene is making waves in africa and beyond kenya is located in east africa and has a population of around 53 million people the country has a long history of entrepreneurship dating back to the 19th century when traders from india and the middle east settled in the coastal region today kenyas startup scene is thriving due to its growing technology ecosystem and supportive government policies kenya has become known for its technological innovations particularly in the mobile space the country is home to mpesa a mobile money transfer service that has transformed the way people conduct financial transactions other notable innovations include ushahidi a crowdsourcing platform for crisis management and brck a rugged mobile wifi device designed for use in remote areas several notable companies have been founded in kenya including ihub a technology innovation hub that provides startups with a range of services and andela a company that trains and connects african developers with international clients additionally global companies like google and ibm have established headquarters in the country kenya is home to several top universities including the university of nairobi and strathmore university which have played a key role in the development of the startup scene these universities offer a range of programs and resources to help aspiring entrepreneurs get their businesses off the ground the living wage in kenya varies depending on the region but it is generally around 20000 kes per month around 200 however the unemployment rate in the country is high sitting at around 96 kenyas gdp is one of the largest in africa and is driven in part by the countrys growing startup scene the rate of new companies starting and ending is high which can be challenging for entrepreneurs but also indicates a vibrant and competitive market overall kenyas startup scene is thriving thanks to its innovative technological advancements supportive government policies and young and dynamic population however there are still challenges to overcome including high unemployment rates and the need for more investment in the ecosystem with continued support and investment kenyas startup scene has the potential to become a major player in the global market
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