<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:12pt;color:#000000;font-family:Calibri,Arial,Helvetica,sans-serif;" dir="ltr">
<p>How about starting(or linking me to an existing one) a private sector investment group meant to be an angel fund for Kenyans funded by Kenyans? <span style="font-size: 12pt;">I think Kenyans in </span><span style="font-size: 12pt;">diaspora such as myself </span><span style="font-size: 12pt;">would
be interested in proper investment vehicles with solid returns.</span></p>
<p><span style="font-size: 12pt;"><br>
</span></p>
<p><span style="font-size: 12pt;">Given that a Kenyan would express his idea in Swahili to a fellow Kenyan and win his confidence better than trying to explain to a foreign based German or US investment banker who doesnt have a clue until he becomes an expat
locally...it makes sense to self-fund.</span></p>
<p><span style="font-size: 12pt;"><br>
</span></p>
<p><span style="font-size: 12pt;">What Kenyan enterpreneurs need to learn is to network and pitch properly locally/diaspora and Kenya investors need to learn to be angels to fellow Kenyan enterprenuers (as the word was intended to mean).</span></p>
<p><br>
</p>
<p>Best Regards</p>
<p>James</p>
<br>
<br>
<div style="color: rgb(0, 0, 0);">
<hr tabindex="-1" style="display:inline-block; width:98%">
<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" color="#000000" style="font-size:11pt"><b>From:</b> kictanet <kictanet-bounces+jameskmaina=hotmail.com@lists.kictanet.or.ke> on behalf of S.M. Muraya via kictanet <kictanet@lists.kictanet.or.ke><br>
<b>Sent:</b> Monday, May 29, 2017 6:23 AM<br>
<b>To:</b> James Maina<br>
<b>Cc:</b> S.M. Muraya<br>
<b>Subject:</b> [kictanet] Local Funding</font>
<div> </div>
</div>
<div>
<div dir="auto">Dear Listers,
<div dir="auto"><br>
</div>
<div dir="auto">With permission from an upcoming software entrepreneur (: born after this "Wise Owl" already had an ID :)</div>
<div dir="auto"><br>
</div>
<div dir="auto">"Was talking to some investors my age sometime this year, they had to talk to an investor in England to advise them about investing in a Kenyan solution for a problem he didn't understand as he is based in the UK. They shared the response and
apparently they took every word he said as Bible truth."</div>
<div dir="auto"><br>
</div>
<div dir="auto">The software entrepreneur also provided me with this link</div>
<div dir="auto"><br>
</div>
<div dir="auto"><a href="https://medium.com/@sankara_/its-time-to-fix-the-startup-funding-landscape-in-kenya-68aba60a45d7">https://medium.com/@sankara_/its-time-to-fix-the-startup-funding-landscape-in-kenya-68aba60a45d7</a><br>
</div>
<div dir="auto"><br>
</div>
<div dir="auto">My response:</div>
<div dir="auto"><br>
</div>
<div dir="auto">Essentially, we need to deal with corruption in our society, not rely on foreign funding. It does not help, most of our local youth worship foreigners.<br>
</div>
<div dir="auto"><br>
</div>
<div dir="auto">The nations ranked worst by Transparency International, do not build up and consequently trust their own talent and firms.</div>
</div>
</div>
</div>
</div>
</body>
</html>