Not at all. In fact some local family business are more than 50x bigger.
They value and serve the local masses and foreign investors keep on hounding them for shares.

On Feb 2, 2015 3:08 PM, "cdohnio" <cdohnio@gmail.com> wrote:
Are you saying that a similar business by a Kenyan would not have reached as far? Because then you would be implying that only thing holding the industry back is the fact that we're Kenyan, African, black. Not education, not skill, not capital, nothing else

All the best,
princelySid

Twitter: @princelySid | Website: cdohnio.blogspot.com

On Mon, Feb 2, 2015 at 3:03 PM, S.M. Muraya <murigi.muraya@gmail.com> wrote:

Our youth under 30 need to understand it is futile appealing to foreign investors before winning over local investors.

M-Kopa is a case of focused foreigners who know what they came here to accomplish, not locals appealing to foreigners.

On Feb 2, 2015 2:40 PM, "cdohnio via kictanet" <kictanet@lists.kictanet.or.ke> wrote:

There's a lot of talk of fluff in the Kenyan startup scene but I think hearing news like this puts all that nonsense to shame. This was a 1.1 billion round they just raised after a third round where they raised almost 2 billion last year. If this doesn't speak for the startup scene I don't know what will.

All the best,
princelySid

Twitter: @princelySid | Website: cdohnio.blogspot.com

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