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Despite Kenya has been named as the fasted growing payments market in Africa, there is still a lot to be done to develop the local business angel community. The capital of Kenya, Nairobi, is a vibrant city offering various resources for young start – ups, including accelerator 88MPH and incubator i-Hub.
From their website: While microfinance has helped millions, many people have been left out: Think remote rural villages in Kenya or recent refugees with no credit history in the United States. Kiva is a fully international source for small loans, and Kiva Zip is available in Kenya. Currently Kiva Zip is only available only in the U.S.
Usually, these offshore suppliers are in Asia, (India, Afghanistan, Malaysia, China, Vietnam and the Philippines), Eastern Europe (Russia, Romania, Bulgaria, Armenia), or Africa (Morocco, Kenya and South Africa).
For example, Silicon Savannah – the name given to Nairobi’s (Kenya) growing tech scene – and Chilecon Valley, found in Chile’s capital, Santiago, demonstrate the global appetite for tech entrepreneurship. As access to the internet increases from the current 3.5
At the same time, 75% of all university graduates in Kenya and Nigeria are likely to be unemployed for up to 5 years after graduation. Kenya and Nigeria are of a particular interest for the employers in the UK due to the high percentage of English speakers who have received bachelor’s degree or higher.
A couple years in, I got married and left on my honeymoon for two weeks to Kenya – where I had no email or phone connectivity much of the time. It’s easier to take that vacation when you know someone will be at the office that will care the way you do and share your goals.
One only needs to look at the example of M-Pesa in Kenya to see how digital currency can impact the underserved. Traditional banks are hampering global GDP growth by not providing financial services such as loans to people who can expand their livelihoods through those services.
According to Pew, while cell phones are nearly ubiquitous around the world (95% China, 91% Chile, 82% Kenya), penetration of smartphones are still getting there (37% China, 39% Chile, 19% Kenya). You can track mobile websites just fine with your standard web analytics tool.
Maha : In 2014, we visited the Kakuma Refugee Camp in Northern Kenya as part of a Gates Foundation/United Nations led initiative to build schools & clinics for the community. TSM: From where you started, have you had to adjust your strategy over the years? Describe the company’s pivot point, and its impact on the company?
” One way they’ve improved the lives of members a community was to help solve the problem of fuel efficiency for cooking in a small town in Kenya. As Beresford notes, “There is no success in this world with out involving some one else.”
The panel included Erik Hersman (Kenya ,founder of iHub), Eden Shochat (Israel, founder of Face.com, VC at Genesis, founder of The Junction), Jon Bradford (UK/Ireland, founder of Springboard), Jeffery Paine (Singapore, Golden Gate Ventures) and Jehan Ara (Pakistan).
Take a look at these innovations which were first implemented in the emerging markets and are now making their way to the “first world”: Mobile Money: Six years ago, mPesa launched in Kenya to transfer money via cellphone. A network of accessible agents throughout the country allows people to redeem money transferred to them.
Based in Nairobi, Kenya, Pawame uses tech-enabled loan management and mobile money payment platforms to offer its customers a means of finance that is not limited by distance or lack of Internet access or a bank account. Two is to reach up to 20,000 new households, including expanding into one, maybe two new markets outside Kenya.
In Kenya, M-Pesa processed more transactions domestically than Western Union did globally, and “ provided mobile banking facilities to more than 70 per cent of the country’s adult population” , most of whom never had banking services before.
Joyce Wafukho, Kenya. After five years of being turned down by lenders, she approached the Kenya Women Finance Trust for a $680 loan. Of nearly 200,000 clients, over 98% of whom are female, 77% have significantly raised their income level away from poverty, and 38% no longer fall below the poverty line.
Have you been to Kenya or Tanzania during the annual wildebeest (and zebra and others) migration? It is an amazing sight to see the thundering herds seek out greener pastures. The New Florence blog feels as dynamic. Through July, there.
Kenya is the most advanced for mobile payment. For example, “I have over 10 years of software experience in this space, how do you plan to have a strong barrier to entry in this crowded space?&#. CEO of Obopay has raised $200M in funding.
The first project they’re engaged in is installing fuel-efficient cookstoves in Kenya. This way, it gets around the needs of traditional philanthropic models which require donors to continuously contribute financial resources to a cause.
First up in our speaker spotlight series is an edited transcript of our Q&A with Rocio Perez-Ochoa , co-founder of Bidhaa Sasa , a non-profit working to distribute beneficial goods to rural communities in Kenya. Fix the distribution bottleneck in rural Kenya. “My The inspiration for Bidhaa Sasa?
Kenya is the most advanced for mobile payment. For example, “I have over 10 years of software experience in this space, how do you plan to have a strong barrier to entry in this crowded space?&#. CEO of Obopay has raised $200M in funding.
His every move and misstep dissected and castigated by the same media and investors who sang his praises when things were going well, one can only guess at the anguish, shame and embarrassment that led the young entrepreneur into – what appeared to me as an uninformed observer – self imposed exile, in Kenya.
Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. Operating as an accelerator, starting in September it will recruit two classes of five startups per year. It has fast-developing infrastructure.
kenya’s winner Sematime makes it easy for people to send bills and invoices to large groups of contacts via SMS. We were surprised at how many female entrepreneurs pitched in the competition, particularly in Mexico City, Buenos Aires, Kenya, Rwanda, Tanzania. Many female entrepreneurs.
M-PESA, a payments system enabled on mobile phones, now constitutes 31% of Kenya’s GDP. Africa presents another example of adoption of a digital currency, or at least a digital form of payments.
In the first segment, Rwanda, Kenya and South Africa are featured: African entrepreneurship has really been moving forward for some time now. A while back I invested in a company called Mobius Motors , which is based in Kenya. Here’s a second segment about Kenya’s mobile money revolution. It’s great stuff.
One only needs to look at the example of M-Pesa in Kenya to see how digital currency can impact the underserved. Traditional banks are hampering global GDP growth by not providing financial services such as loans to people who can expand their livelihoods through those services.
China, Kenya and the United Kingdom. […]. By Laura Lorek Publisher of Silicon Hills News For the first time, Food+City held its annual Challenge Prize competition at South by Southwest. And judges awarded three $10,000 cash prizes to the winner of each of three sessions on Tuesday.
Take a look at these innovations which were first implemented in the emerging markets and are now making their way to the “first world”: Mobile Money: Six years ago, mPesa launched in Kenya to transfer money via cellphone. A network of accessible agents throughout the country allows people to redeem money transferred to them.
Some of the countries with faster internet include Kenya, Lithuania, Slovenia, Moldova and many developing economies. I mean, sure we are connected to it, but we aren’t even in the top 50 countries for internet speeds. That’s a total travesty for our economic future. This is the modern.
Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. Operating as an accelerator, starting in September it will recruit two classes of five startups per year. It has fast-developing infrastructure.
Steve has just graduated from Daystar University in Kenya. " Each year thousands of students in Kenya and Nigeria are graduating from the Universities. As most ambitious young people, Steve hopes that his degree will help him build his career in marketing and eventually start a marketing agency of his own. "It's
Amy went to Tanzania and Kenya in 2009 with TNC to increase capacity of TNC non-profit partners. Over the years, we’ve been personally involved in a number of projects, such as protecting the Anchor River in Anchor Point, Alaska (the town Amy grew up in until she was eight.)
I figured it was Valentine’s Day somewhere in the world yesterday at 6pm Colorado time like, well, in Kenya, where Amy was. She arrived home to a bunch of early Valentine’s Day stuff like a hot bath. It’s great to have Amy back home. For some reason, Valentine’s Day is one of my favorite holidays.
First one for Swedish Trade Council in Nairobi, Kenya was to learn and start from the very bottom. Is this an approach you would recommend to others as a means of breaking through in a difficult job market? Why or why not, and would you do it again?
Companies will have to make drone delivery baskets that can fly around Mount Kenya, delivering and collecting a number of 20 kilo payloads as they do so. Why build expensive roads infrastructure when drones can deliver a payload of parcels cheaper than cars or motorbikes?
The Olympic champion and world record holder from Kenya clocked 1 hour, 59 minutes and 40 seconds Saturday at the INEOS 1:59 Challenge, an event set up for the attempt. Eliud Kipchoge has become the first athlete to run a marathon in less than two hours, although it will not count as a world record.
For example, the Bridgespan Group has invested in an education initiative in Kenya that is helping to improve the reading skills of primary school students. Investing in education: Impact investors have invested in education initiatives that are helping to improve the quality of education for children in developing countries.
A good example from the developing world is the Mpesa mobile money transfer that has revolutionized the way people in Kenya do their daily business. Many companies have come up online money transfer and payment solutions that are deepening financial inclusion and enabling you to transact conveniently from whichever place you are in.
Google seems to have committed overt fraud in Kenya. Google falsely claimed it couldn’t effectively index and rank Twitter. Google illegally accepted ads for Canadian pharmacies with the purpose of delivering them to American users. I can’t see them regaining the trust they had before.
Notably relating to business, African countries Burundi, Malawai, Bostwana and Kenya, it should be mentioned, all made the index’s “economic participation and opportunity” top ten. Finland, Norway, Sweden and Denmark are close runners up, leaving the rest of the world trailing sadly behind.
Alliy is managing partner of the Savannah Fund , a $10 million fund that will soon begin investing in technology startups in East Africa, including Rwanda, Tanzania, Uganda and Kenya. Operating as an accelerator, starting in September it will recruit two classes of five startups per year. It has fast-developing infrastructure.
When I was in high school, my friends and I set up a giving tree outside the school library, as a fundraiser for the Harambee Centre, an organization which provides, among other things, ambulatory services; and which builds schools for children in Kenya, Tanzania, and Uganda.
Mining cellphone billing records – GigaOM describes a number of use cases for this data including helping with malaria education in Kenya. Unsurprisingly this is where most of today’s hot big data companies are playing. I see cellphone billing records as one more dataset that can be minded to good effect.
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