Brian

I have a very different take and attitude to this crap about foreigners being funded in Africa. I'm sorry guys. Charity begins at home. Let me put it more succinctly.

Money is Tribal. Money is Racist.

Investors give money to people they trust and like. Trust and like comes with knowing someone. Product, service innovation comes later.

Instead of us Africans continuously lamenting about foreign money funding foreign startups let's start with asking the Million Dollar question:-

How many local Angel Investors and Venture Capital are funding African Businesses? How many of us put money in a KaPloti in Kitengela instead of funding a Startup in Silicon Savannah?

That article is misplaced.

My two cents.

Ali Hussein

Principal

AHK & Associates

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim

13th Floor , Delta Towers, Oracle Wing,

Chiromo Road, Westlands,

Nairobi, Kenya.

Any information of a personal nature expressed in this email are purely mine and do not necessarily reflect the official positions of the organizations that I work with.

On Fri, Mar 16, 2018 at 10:25 AM, Brian Munyao Longwe via kictanet <kictanet@lists.kictanet.or.ke> wrote:

Hi Listers,

This article so clearly articulates the least spoken about attribute in Africa's startup scene - but the one that affects it the most. Very good read...but it doesn't answer the question as to how to solve this issue....

"Owners of capital dictate what gets done and who gets to do it. Currently, nearly all capital active in the African startup ecosystem is foreign."

https://medium.com/@mark_65941/the-digital-scramble-for-africa-31f3e4c33e99

Best regards,

Mblayo

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