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