[kictanet] U.S. $ 140 million investment in local startups by Kenyan government

[Peter Wakaba]

Into the Ether. In 2010, I got  list of three hundred names form the
ministry of youth of pple who had allegedly benefitted from funding to
start up or grow small businesses. I got the list with assistance of
someone 'high up' after an interview where they indicated that the ministry
had been very effective in disbursing funds and the uptake had been good.

My producer had a rude shock when they called up the first 20 names, either
numbers were dead, the people had no idea what we were talking about while
several became downright menacing when we told them why we were calling.

We were 'quietly' adviced to drop that project from our end.

My guess is a good as yours about what happened to that cash.


On Wed, Jan 22, 2014 at 2:31 PM, robert yawe <robertyawe at yahoo.co.uk> wrote:

> @Adam,
>
> Thanks for the link, it is participation like this that keeps me coming
> back to the list.
>
> Now where exactly did the 12 billion go, is anyone willing to throw in
> their twenty cents?
>
> Regards
>
> Robert Yawe
> KAY System Technologies Ltd
> Phoenix House, 6th Floor
> P O Box 55806 Nairobi, 00200
> Kenya
>
>
> Tel: +254722511225, +254202010696
>
>
>   On Monday, 20 January 2014, 16:09, Adam Nelson <adam at varud.com> wrote:
>  $140M USD invested in startups in 2012 seems a bit implausible to me.
>  Am I missing something?
>
> Also, that 54 startups listed in Angellist located in Kenya is now 71:
>
> https://angel.co/locations
>
> Of those, only 3 are hiring:
>
> https://angel.co/kenya/jobs
>
> And of those 3, all have foreigners on the team and won't be developing
> core product here in 2 years if the Kenyanization regime isn't changed ...
>
> As an aside, if anybody is hiring at a tech/design startup, AngelList is a
> great place to have a profile and I'd encourage more local startups to get
> on there.
>
> -Adam
>
> --
> Kili - Cloud for Africa: kili.io
> Musings: twitter.com/varud <https://twitter.com/varud>
> More Musings: varud.com
> About Adam: www.linkedin.com/in/adamcnelson
>
>
> On Mon, Jan 20, 2014 at 3:30 PM, Ngigi Waithaka <ngigi at at.co.ke> wrote:
>
> Robert,
>
> Welcome back.
>
> Now to put this into perspective, Kenyan Startups received in funding
> approx Ksh ***12, 000, 000, 000*** in 2012. Is there, maybe, a different
> numberline that us old - hackers were not taught in school?
>
> Rgds
>
>
> On Mon, Jan 20, 2014 at 2:59 PM, robert yawe <robertyawe at yahoo.co.uk>wrote:
>
>  Hi,
>
> Hoping that you have all started the year well and in a changing spirit, I
> had a tech free 3 weeks and feel very refreshed.
>
> As we started the year a friend shared the the statistic above with me
> does anyone on this list know which startups received this money as it
> would be good to see how it has helped them and the impact it has had on
> the economy.
>
> Regards
>
> [image:
> http://startupbrics.com/wp-content/uploads/2014/01/NAIROBI-infographic-1.jpg]
>
> Robert Yawe
> KAY System Technologies Ltd
> Phoenix House, 6th Floor
> P O Box 55806 Nairobi, 00200
> Kenya
>
>
> Tel: +254722511225, +254202010696
>
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>
> *Wait**haka Ngigi*
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-- 







*Warm Regards,  PETER WAKABA                  AFRICA BUSINESS EDITOR, CCTV
AFRICA             Every morning in Africa, a gazelle wakes up, It knows it
must run faster than the fastest lion or it will be killed. Every morning a
lion wakes up, it knows it must outrun the slowest gazelle or it will
starve to death. It doesn't matter whether you are a gazelle or a lion.
When the sun comes up, you better start running.- In "The World is Flat" by
Thomas L. Friedman.*
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