Nairobi - Africa's Silicon Savannah

NAIROBI Africa's Silicon Savannah Nairobi, 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: 44M inhabitants Nairobi: 3.3M inhabitants Kenya 69 local languages / Two official: English and Swahili 8400 millonaires (5th in the African continent) İGDP WEF (contribution of internet to GDP) 5.1% 96th 54 62% of population aged below 24 2.3% 3.3% 6.3% in the world Average annual growth of services in economy Global Competitiveness Index startups on Angel list Kenya USA Sweden M MARKET 31% of GDP in Kenya is processed through M-Pesa (mobile-phone based money transfer) 71% of internet-enabled For every 100 Kenyan.. mobile phones users buy online 31 Economic growth over the last 3 years 4.5% have smartphones Top 3 trends in the tech market more than -0.2% 50% of internet users use it for 78 Кenya EU Percentage market cap (as part of GDP) 50% have mobile @ phones 39.6% Games Music Social Media 16.2M Smartphone users 41 Kenya EU 96th in the world for quality of its infrastruc- 89th in the world Kenyan students have laptops are online 13% growing 75% annually for Technolo- 1.8 million Facebook users gy readiness (WEF) of total internet 99% tures (WEF) Mobile data contributes subscriptions Upcoming project: Konza Technopolis FINANCING project - 9.7 billion$ investment - 5000 acres of land $3bn 80000 new jobs in 4 years 1212 70th (46.2) $140.3 million Stock of Direct Foreign Number of BAŞ / VCs (12 billion Kenyan shilings) Capital invested with public funds into startups in 2012 VC and Private Equity investment - attractiveness index at home LOCAL CONTEXT Technology exports Quality of education and human capital scoring by IESE 100M USD 35th worldwide for the 4 major accelerators (88 Mph - Savannah Fund - Sinapsis Group - The Growth Hub). quality of its educa- tion system (IESE) 71.3% 44.4% 22M USD Cost to start a business (% of income per capita) Kenya All of 2 major incubators (İLab Africa - Mlab) Africa 38.2% in 67.4% in Sub-Saha- 2003 2010 Kenya ran Africa 3 major co-working spaces $19.180 average salary for Rank 74th worldwide - Business Lounge - Genius Executives in terms of Entrepreneurial an IT manager $76,758 in the US Culture and Deal Opportunities per year (IESE) - iHub WHO TO FOLLOW · Kenyan entrepreneurs to follow Kenyan startups to follow Cellulant Michael Macharia Peter Nduati Chris Kirubi Njeri Rionge Co-founder of Mobile commerce Founder and CEO, Founder & CEO Founder of Tiger network operator Wananchi Group Seven Seas Tech- of Resolution Haco Industries nologies Group @njeririonge @MikeMachariaSST @PeterNduati @CKirubi Success story КОРО КОРО Craft Silicon Mobile payment platform Thinking. Crafting. Transforming. JOoist Kenyan Software firm with over 200 institutional clients in 40 countries Play. Anytime. Anywhere Has an office in Silicon $50 million market value, annual revenue of $6 million. Valley, one of the very few Kenyan companies Social gaming paltfrom spread across Africa, Asia, Europe and the Americas. to have one Sources: Global Competitiveness Index (WEF) WorldBank - Bloomberg Credit Suisse Global Wealth Report 2013 Global Innovation Index 2013 seedstarsworld Angel.co www.gemconsortium.org СК, Аpril, 2013 www.gs.statcounter.com Seedstars World www.seedstarsworld.com %24