Monday, 10 February 2014

Savannah Fund looking for ‘the winners’ among Africa’s tech startups

Kenya is positioning itself as Africa’s technology hub with the construction of multi-million dollar Konza Technology City about 60km south of Nairobi. This is one of many efforts by the government and private sector to transform Kenya into Silicon Savannah.

The success of mobile money transfer service M-Pesa and crowd sourcing platform Ushahidi, as well the establishment of iHub, a co-working space that has become Kenya’s unofficial tech headquarters, have helped to propel Kenya’s technology industry. The sector has overshadowed that of other African countries, attracting numerous foreign entrepreneurs, investors and international media attention.

Mbwana Alliy, founder and managing partner of Savannah Fund, an African focused early stage tech seed fund and accelerator, says that while Kenya holds a lot of potential, it has a “noisy ecosystem” that and can be “distractive”.  READ MORE

Source:  How we made it in Africa  #IFAMAFRICA

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