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

Wed Jan 22 13:47:46 EAT 2014

I was only thinking that they had a very loose definition of 'startup' and
were including any investment in any technology in the country for 2012
including new tire factories and whatnot.

Was there actually a fund that a government body disbursed (either to
startups or elsewhere)?

--
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 Wed, Jan 22, 2014 at 1:36 PM, Peter Wakaba <peterwakaba at gmail.com> wrote:

> 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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>> for people and institutions interested and involved in ICT policy and
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>> sector in support of the national aim of ICT enabled growth and development.
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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
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
>
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