South Africa has had its turn, now we give various stakeholders in the Kenyan tech space the chance to make their case.
“I recently did an article on what is happening in Europe with respect to startups. In France, for example, the government has put enormous resources behind the digital economy. President Macron is betting on this new economy. Most of Africa’s startup ecosystems lack the political will, and academia still is unconvinced.
“That said, Kenya’s startup ecosystem has the benefit of a series of successes where the government has provided support to unlock critical resources like data and investments in infrastructure, provision of subsidies to university students to acquire laptops. Although sometimes difficult, Kenya’s immigration department has allowed talent from outside to work side by side with local teams. The presence of international research labs has made Kenya an attractive destination. More needs to be done especially attracting talent to make the country competitive.”
“Kenya is home to a wide group of young entrepreneurs and visionaries from all fields, from tech solutions to social impact. It is the country to be in for African startups to develop and grow since all resources are reachable with ease. Various incubators provide assistance from HR, legal, and financial support.
“In the tech scene young programmers collaborate with other like-minded people to build great startups that could potentially scale Africa-wide. So far Kenya has seen great potential and since the revolutionary M-Pesa it can clearly be seen that Kenya is has one of the best startup ecosystems in Africa.”
“Kenyans grow up with a lot of innovation surrounding them. There is already pressure to innovate around service delivery with Kenya recognised for the advancements that have been brought about by M-Pesa. The rapid penetration of mobile phone connectivity has brought with it access to information and thus increased maturity in customer needs and refinement of customer tastes.
“There is, therefore, customer pressure to innovate around service delivery and many businesses are unable to keep up with these customer needs. As a result, there are a lot of gaps that startups aim to bridge with clever innovations, making customers in some captive markets ready to test and trial these solutions. This, coupled with the fact that there is a lot of fragmented service delivery in many industries, makes the startup ecosystem very vibrant.”
“Kenya is unique in that her people possess a natural entrepreneurial spirit and are renowned for their enterprising culture. The widespread penetration of mobile banking and the high adoption of automated systems is nearly unmatched in the continent. These ideal factors create a thriving environment where startups and disruptive platforms can fully realise their potential.”
“I believe what makes the Kenyan startup ecosystem great is that there is always a market for almost anything. Basically an economically-empowered consumer base. The middle class are not only technologically aware but they love to move with trends. The bottom of the pyramid are massive, they are voracious consumers with also a decent buying capacity.
“The other thing is a booming private sector, where a lot of business is in the hands of private businesses as opposed to government and NGOs. So decision making is faster and less rigid, which is really great for startups.”
“Nairobi is the leading African innovation ecosystem because of the level of creativeness and entrepreneurial spirit in the culture. Our strengths are in the openness of the innovation community to collaborating and helping one another. And of course the quality of the internet connectivity.”
Kenyan startups raised a total of $32.8 million in 2017, according to the most recent African Tech Startups Funding Report, the third largest amount raised by any one country on the continent. More information is available here.
This article was originally published on www.disrupt-africa.com.
Disrupt Africa is a one-stop-shop for all news, information and commentary pertaining to the continent’s tech startup – and investment – ecosystem. With journalists roaming the continent to find, meet, and interview the most innovative and disruptive tech startups, Disrupt Africa is a true showcase of Africa’s most promising businesses and business ideas.
Our readers can keep up-to-date with the quirky world of tech hubs and accelerator programmes; and our reporters provide live coverage of the all-important tech and entrepreneurship events across Africa.
For our startup, entrepreneur, and investor friends alike, our mission is to provide practical information and advice from across Africa’s varied vibrant markets, and to promote engaged and thought-provoking discussion about the exciting ecosystem we belong to.
Go to: http://disrupt-africa.com/
