Ali, I don't understand your rant because you are agreeing with the writer 100%, that 1. Money is tribal 2. That local investors need to start investing in the Silicon Savannah. What he has failed to quantify is the investments that is done by local families, friends, and fools to keep local start-ups afloat. It might not be considerable, but that is all they have. My view would be for the tech scene to encourage, and show value proposition to contrarian investors on why they need to invest locally. My take is conservative investors will still continue investing how they know best, and where their funds are deemed safe. The Oracle of Omaha will continue investigate in Coca-Cola, Apple, IBM, Heinz, Wells Fargo, among other proven ventures, and will jump into the next big thing only after the word "next" has moved on to the next big thing On Mar 17, 2018 4:08 PM, "Ali Hussein via kictanet" < [email protected]> wrote: 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 <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 < [email protected]> 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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