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

Adam Nelson adam at varud.com
Wed Jan 22 14:52:17 EAT 2014 

Kenya is ripe for something like Huffington Post or Politico - an online
only 'newspaper' that has a full newsgathering capacity with proper
branding and a marketing budget.

Such a site could definitely reach 10M monthly uniques (if it was properly
funded) and generate probably $1MUSD/year in revenues in 2 years with a
$300-500kUSD investment .... too bad the $140M is already gone :-/

--
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 2:42 PM, Peter Wakaba <peterwakaba at gmail.com> wrote:

> HERE, THEY OFFER U CASH, YOU SAY NO, THEY DOBLE IT, OFFER IT TO UA BOSS
> AND U STILL DONT GET TO DO THE STORY....
>
>
> On Wed, Jan 22, 2014 at 6:59 PM, Adam Nelson <adam at varud.com> wrote:
>
>> Sounds like a great start for a piece of investigative reporting by an
>> aspiring journalist looking to make a name for him or herself.
>>
>>  --
>> 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 1:53 PM, Peter Wakaba <peterwakaba at gmail.com>wrote:
>>
>>> we have a multitude of 'funds'. Hard to track because they reincarnate
>>> every year, change with every government, rebrand, shift from one ministry
>>> to another... are positioned to do one thing at creation and morph into
>>> other things.... then disbursement is countrywide through, so called line
>>> mininstries, so each allocation goies into a certain ministry's budget....
>>> i am hoping you get teh picture...
>>>
>>> They fund everything from kiosks, to farmactivity to mobile software
>>> development
>>>
>>>
>>> On Wed, Jan 22, 2014 at 6:47 PM, Adam Nelson <adam at varud.com> wrote:
>>>
>>>> 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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>>>>>>
>>>>>>
>>>>>>
>>>>>> --
>>>>>> *Regards,*
>>>>>>
>>>>>> *Wait**haka Ngigi*
>>>>>> Chief Executive Officer | Alliance Technologies | MCK Nairobi Synod
>>>>>> Building
>>>>>> T + 254 (0) 20 2333 471 |Office Mobile: +254 786 28 28 28 | M + 254
>>>>>> 737 811 000
>>>>>> www.at.co.ke
>>>>>>
>>>>>>
>>>>>>
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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
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>>>>>>
>>>>>>
>>>>>>
>>>>>> _______________________________________________
>>>>>> kictanet mailing list
>>>>>> kictanet at lists.kictanet.or.ke
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>>>>>>
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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
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>>>>>>
>>>>>>
>>>>>>
>>>>>> _______________________________________________
>>>>>> kictanet mailing list
>>>>>> kictanet at lists.kictanet.or.ke
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>>>>>>
>>>>>> Unsubscribe or change your options at
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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.
>>>>>>
>>>>>
>>>>>
>>>>>
>>>>> --
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> * 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.*
>>>>>
>>>>> _______________________________________________
>>>>> kictanet mailing list
>>>>> kictanet at lists.kictanet.or.ke
>>>>> https://lists.kictanet.or.ke/mailman/listinfo/kictanet
>>>>>
>>>>> Unsubscribe or change your options at
>>>>> https://lists.kictanet.or.ke/mailman/options/kictanet/adam%40varud.com
>>>>>
>>>>> 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.
>>>>>
>>>>
>>>>
>>>> _______________________________________________
>>>> kictanet mailing list
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>>>>
>>>> Unsubscribe or change your options at
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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.
>>>>
>>>
>>>
>>>
>>> --
>>>
>>>
>>>
>>>
>>>
>>>
>>>
>>> *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.*
>>>
>>
>>
>> _______________________________________________
>> kictanet mailing list
>> kictanet at lists.kictanet.or.ke
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>>
>> Unsubscribe or change your options at
>> https://lists.kictanet.or.ke/mailman/options/kictanet/peterwakaba%40gmail.com
>>
>> 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.
>>
>
>
>
> --
>
>
>
>
>
>
>
> *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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