Post on 07-Aug-2015
NAIROBIAfrica’s Silicon SavannahNairobi, which means in Maasai "the place of cool waters", the only place in the world to have a safari in the city is not only the most prominent city in Africa both politically and financially, but also a window on the future. Kenya leapfroged land-lines and mobile payment has become a day-to-day commodity.
Kenya
Kenya: 44M inhabitants
69 local languages / Two official: En-glish and Swahili
8400 millonaires (5th in the African continent)
of population aged below 2454
startups on Angel list
iGDP (contribution of internet to GDP)
Kenya USA Sweden
Average annual growth of services in economy
Global Competitiveness Index
in the world5.1% 96th
2.3% 3.3% 6.3%
WEF
62%
Nairobi: 3.3M inhabitants
Economic growth over the last 3 years
average salary for an IT manager
78have mobile
phones
31have
smartphones
41are online
For every 100 Kenyan….
$19,180
Percentage market cap (as part of GDP)
Top 3 trends in the tech market more than 50% of internet users use it for
96thin the world for quality of its infrastruc-tures (WEF)
89th in the world for Technolo-gy readiness (WEF)
16.2M Smartphone users
13%
per year
31% of GDP in Kenya is processed through
M-Pesa (mobile-phone based money transfer)
MARKET
Games
Kenya EU
Kenya EU
Music Social Media
-1012345 4.5%
39.6% 50%
-0.2%
0
10
20
30
40
50
$76,758 in the US
75%growingannually
Mobile data contributes 99% of total internet subscriptions
1.8
71% of internet-enabled mobile phones users buy online
$3bnStock of Direct Foreign investment - at home
1212Number of BAs / VCs
70th (46.2)VC and Private Equity attractiveness index
Capital invested with public funds into startups in 2012
$140.3 million
Upcoming project: Konza Technopolis
project - 9.7 billion$ investment - 5000
acres of land - 80000 new jobs in
4 years
(12 billion Kenyan shilings)
FINANCING
worldwide for the quality of its educa-tion system (IESE)
35th
3 major co-working spaces - Business Lounge- Genius Executives - iHub
Rank 74th worldwidein terms of Entrepreneurial Cul-ture and Deal Opportunities(IESE)
Quality of education and human capital
All of Africa
Kenya0
20
40
60
80
100
71.3% 44.4%
scoring by IESE
4 major accelerators (88 Mph - Savannah
Fund - Sinapsis Group - The Growth Hub).
2 major incubators (iLab Africa - Mlab)
LOCAL CONTEXTTechnology exports
22M USD
100M USD
2003 2010
Cost to start a business(% of income per capita)
38.2% in Kenya
Kenyan students have laptops
million Facebook users
67.4% in Sub-Saha-ran Africa
WHO TO FOLLOW
Kenyan entrepreneurs to follow
Success story
Kenyan startups to follow
Njeri RiongeCo-founder of
Wananchi Group
Michael MachariaFounder and CEO, Seven Seas Tech-
nologies
Peter NduatiFounder & CEO of Resolution
Group
Kenyan Software firm with over 200 institutional clients in 40 countries
spread across Africa, Asia, Europe and the Americas.
Has an office in Silicon Valley, one of the very
few Kenyan companies to have one
@MikeMachariaSST @PeterNduati @CKirubi@njeririonge
Chris KirubiFounder of Tiger Haco Industries
Mobile commerce net-work operator
Mobile payment plat-form
Social gaming paltfrom
$50 million market value, annual revenue
of $6 million.
Sources:Global Competitiveness Index (WEF)WorldBank - BloombergCredit Suisse Global Wealth Report 2013Global Innovation Index 2013Angel.cowww.gemconsortium.orgCCK, April, 2013www.gs.statcounter.comSeedstars World
www.seedstarsworld.com