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@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@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:


Of those, only 3 are hiring:


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
More Musings: varud.com


On Mon, Jan 20, 2014 at 3:30 PM, Ngigi Waithaka <ngigi@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@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

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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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.
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