[b]Over the past few years Kenya and Nigeria have risen through the ranks in the technology space, booting South Africa out of its previously held.

Innovations like Safaricom’s M-Pesa and Kenya’s Ushahidi and Nigeria’s fin-tech startup Interswitch, which is a few zeros away from unicorn status, have investors tripping over themselves to get to these countries.

The innovation-friendly legislature contributed greatly to the success of the ICT sectors in both countries. This said, the competition between the two countries is undeniable. Both are competing for the same investment opportunities.

However, in the recent past, Kenya, has for some reason or other, been receiving the shorter end of the stick. Big names like Google and Facebook have passed the country over when selecting places to place their innovation hubs, in favor of Nigeria. This begs the question, why was Kenya second choice?

“Over the last couple of years, Nigeria has been coming up and has now overtaken us. I love all things Kenyan but having interacted with some of our clan mates from the Nigerian tech community,” explains Frank Tamre, co-founder Early Camp.

Tamre adds that Nigerians seems to be more serious than Kenyans in terms of determination due to limited chances in the big competitive market.
[/b]
“They have an advantage of market economics, he says. “A start-Up in Nigeria VS Kenyan each with one percent of the population as size of market are two very different numbers, ‎the percentage number of serious developers in Nigeria VS Kenya is distinct. If they have a 4 Million developer pool, we have a 400k it would mean that for a 1% of each to get the serious developers, theirs amounts to really huge figures. How do we compete: Be more serious and focused. We can do it if we decide to be focused as Kenyans. Of course comparison is a game of fools, but learning from your neighbor is wisdom. If we do not realize how fast they are progressing, we only need to see how many tech MNC are setting up shop in Nigeria and how many Nigerian Start-ups are deciding to take on ‘global’ companies. Their mentality is different. Nigeria is becoming the Silicon Savannah hub of Africa.” he concludes.

This is a view shared by another tech entrepreneur. Bitsoko COO, Frank Deya is of the opinion that most of the newer industry players are in it for the hype and the pomp not for business.

“Most Kenyan tech startups are obsessed with replicating Silicon Valley, which unfortunately is not what we need here,” he says. “We ride high on publicity, soliciting investments with no tangible outcomes to show; coming up with cool concepts and apps that generate little to no value whatsoever on the ground. We need more manufacturing plants than we need social networking sites. Our transport industry is in shambles, as evidenced by the mad December rush. Why is there no reliable ticket booking or reservation platform to manage all that chaos?”

To him, entrepreneurship is a noble feat few people are able to master and excel in, but is not the solution to unemployment. Deya says there is need to build capacity locally by revamping the Kenyan education sector, strengthening public institutions to continue elevating Kenya’s status as a formidable market that has attracted and opened the country up to the outside world and contributed to a culture of innovation.

Back in 2016, Kirsten Buch of Nigerian startup accelerator, 88MpH says, (as quoted from a 2014 article by Odunayo Eweniyi) “The plan was to always cover Africa and you can’t really say you’ve got African coverage, if you’re not in Nigeria… Kenya has been destroyed by the impact of NGO funding. On the media side, it’s been well exposed and there’s a lot on the surface. Real substance, companies that are successful? There’s not a lot.

The Kenyan business community have also become discouraged by that. ”The bigger, serious investors lean more towards Nigeria. It’s mostly about market size. You can scale something down here.” A scathing remark if you look at it from the vantage point of a Kenyan techpreneur. But perhaps he makes a good point. Kenyan techpeneurs will have to go back to the drawing board.


https://www.google.de/url?sa=t&source=web&rct=j&url=https://techmoran.com/kenya-tailing-nigeria-africas-silicon-savannah/amp/&ved=2ahUKEwjthPS2vdvaAhUFsKQKHQ9cB4YQFjADegQIARAB&usg=AOvVaw2CtppDjvl8GwjrneAcyObW&ampcf=1

Danielnino00:
Interswitch is already hitting it hard in the Kenyan banking sector.... Verve debit card are in circulation in Kenya
..

https://www.kachwanya.com/2017/03/07/12-banks-in-kenya-sign-to-use-verve-card-the-first-african-card-that-competes-with-visa-and-mastercard/


Interswitch itself entered Kenya by buying 85% of Kenya’s Paynet Holdings in 2014. Paynet started in Kenya in 2003 and is known for a number of innovations including building PesaPoint network of ATMs and agents in Kenya, linking ATMs with M-Pesa and driving the adoption of EMV chip cards.


And one dunce here says Nigerian companies can't survive in Kenya.. lmao..

I'm waiting for him to mention one Kenyan company operating in Nigeria (apart from Kenya airways of course )

I told the dunce The Barbarians Are At The Door. They made a big mistake by allowing Nigerian banks put a step in. Now Nigerians are buying companies in Kenya. We will continue to prise open Kenya's pretty thighs.

obaaderemi:
Their companies are too small to compete in Ghana not to talk of Nigeria. I think that's what pisses them off. Their insignificance. Of course they will like to play a bigger role in Africa but unfortunately, the size of their economy limits them. They seriously need to build their $50bn economy or countries like Tanzania and Ethiopia will elbow them aside in East Africa. Tusker ko Hustler ni.

Verve is actually being accepted in 40 African countries with close to 30 million cards in circulation ..

And they say Kenya are the lords of banking in Africa

Daejoyoung:
[b]Over the past few years Kenya and Nigeria have risen through the ranks in the technology space, booting South Africa out of its previously held.

Innovations like Safaricom’s M-Pesa and Kenya’s Ushahidi and Nigeria’s fin-tech startup Interswitch, which is a few zeros away from unicorn status, have investors tripping over themselves to get to these countries.

The innovation-friendly legislature contributed greatly to the success of the ICT sectors in both countries. This said, the competition between the two countries is undeniable. Both are competing for the same investment opportunities.

However, in the recent past, Kenya, has for some reason or other, been receiving the shorter end of the stick. Big names like Google and Facebook have passed the country over when selecting places to place their innovation hubs, in favor of Nigeria. This begs the question, why was Kenya second choice?

“Over the last couple of years, Nigeria has been coming up and has now overtaken us. I love all things Kenyan but having interacted with some of our clan mates from the Nigerian tech community,” explains Frank Tamre, co-founder Early Camp.

Tamre adds that Nigerians seems to be more serious than Kenyans in terms of determination due to limited chances in the big competitive market.[/b]

“They have an advantage of market economics, he says. “A start-Up in Nigeria VS Kenyan each with one percent of the population as size of market are two very different numbers, ‎the percentage number of serious developers in Nigeria VS Kenya is distinct. If they have a 4 Million developer pool, we have a 400k it would mean that for a 1% of each to get the serious developers, theirs amounts to really huge figures. How do we compete: Be more serious and focused. We can do it if we decide to be focused as Kenyans. Of course comparison is a game of fools, but learning from your neighbor is wisdom. If we do not realize how fast they are progressing, we only need to see how many tech MNC are setting up shop in Nigeria and how many Nigerian Start-ups are deciding to take on ‘global’ companies. Their mentality is different. Nigeria is becoming the Silicon Savannah hub of Africa.” he concludes.

This is a view shared by another tech entrepreneur. Bitsoko COO, Frank Deya is of the opinion that most of the newer industry players are in it for the hype and the pomp not for business.

“Most Kenyan tech startups are obsessed with replicating Silicon Valley, which unfortunately is not what we need here,” he says. “We ride high on publicity, soliciting investments with no tangible outcomes to show; coming up with cool concepts and apps that generate little to no value whatsoever on the ground. We need more manufacturing plants than we need social networking sites. Our transport industry is in shambles, as evidenced by the mad December rush. Why is there no reliable ticket booking or reservation platform to manage all that chaos?”

To him, entrepreneurship is a noble feat few people are able to master and excel in, but is not the solution to unemployment. Deya says there is need to build capacity locally by revamping the Kenyan education sector, strengthening public institutions to continue elevating Kenya’s status as a formidable market that has attracted and opened the country up to the outside world and contributed to a culture of innovation.

Back in 2016, Kirsten Buch of Nigerian startup accelerator, 88MpH says, (as quoted from a 2014 article by Odunayo Eweniyi) “The plan was to always cover Africa and you can’t really say you’ve got African coverage, if you’re not in Nigeria… Kenya has been destroyed by the impact of NGO funding. On the media side, it’s been well exposed and there’s a lot on the surface. Real substance, companies that are successful? There’s not a lot.

The Kenyan business community have also become discouraged by that. ”The bigger, serious investors lean more towards Nigeria. It’s mostly about market size. You can scale something down here.” A scathing remark if you look at it from the vantage point of a Kenyan techpreneur. But perhaps he makes a good point. Kenyan techpeneurs will have to go back to the drawing board.


https://www.google.de/url?sa=t&source=web&rct=j&url=https://techmoran.com/kenya-tailing-nigeria-africas-silicon-savannah/amp/&ved=2ahUKEwjthPS2vdvaAhUFsKQKHQ9cB4YQFjADegQIARAB&usg=AOvVaw2CtppDjvl8GwjrneAcyObW&ampcf=1

Bro,you just kicked the dunce like this

[

Daejoyoung:
[b]Over the past few years Kenya and Nigeria have risen through the ranks in the technology space, booting South Africa out of its previously held.

Innovations like Safaricom’s M-Pesa and Kenya’s Ushahidi and Nigeria’s fin-tech startup Interswitch, which is a few zeros away from unicorn status, have investors tripping over themselves to get to these countries.

The innovation-friendly legislature contributed greatly to the success of the ICT sectors in both countries. This said, the competition between the two countries is undeniable. Both are competing for the same investment opportunities.

However, in the recent past, Kenya, has for some reason or other, been receiving the shorter end of the stick. Big names like Google and Facebook have passed the country over when selecting places to place their innovation hubs, in favor of Nigeria. This begs the question, why was Kenya second choice?

“Over the last couple of years, Nigeria has been coming up and has now overtaken us. I love all things Kenyan but having interacted with some of our clan mates from the Nigerian tech community,” explains Frank Tamre, co-founder Early Camp.

Tamre adds that Nigerians seems to be more serious than Kenyans in terms of determination due to limited chances in the big competitive market.
[/b]
“They have an advantage of market economics, he says. “A start-Up in Nigeria VS Kenyan each with one percent of the population as size of market are two very different numbers, ‎the percentage number of serious developers in Nigeria VS Kenya is distinct. If they have a 4 Million developer pool, we have a 400k it would mean that for a 1% of each to get the serious developers, theirs amounts to really huge figures. How do we compete: Be more serious and focused. We can do it if we decide to be focused as Kenyans. Of course comparison is a game of fools, but learning from your neighbor is wisdom. If we do not realize how fast they are progressing, we only need to see how many tech MNC are setting up shop in Nigeria and how many Nigerian Start-ups are deciding to take on ‘global’ companies. Their mentality is different. Nigeria is becoming the Silicon Savannah hub of Africa.” he concludes.

This is a view shared by another tech entrepreneur. Bitsoko COO, Frank Deya is of the opinion that most of the newer industry players are in it for the hype and the pomp not for business.

“Most Kenyan tech startups are obsessed with replicating Silicon Valley, which unfortunately is not what we need here,” he says. “We ride high on publicity, soliciting investments with no tangible outcomes to show; coming up with cool concepts and apps that generate little to no value whatsoever on the ground. We need more manufacturing plants than we need social networking sites. Our transport industry is in shambles, as evidenced by the mad December rush. Why is there no reliable ticket booking or reservation platform to manage all that chaos?”

To him, entrepreneurship is a noble feat few people are able to master and excel in, but is not the solution to unemployment. Deya says there is need to build capacity locally by revamping the Kenyan education sector, strengthening public institutions to continue elevating Kenya’s status as a formidable market that has attracted and opened the country up to the outside world and contributed to a culture of innovation.

Back in 2016, Kirsten Buch of Nigerian startup accelerator, 88MpH says, (as quoted from a 2014 article by Odunayo Eweniyi) “The plan was to always cover Africa and you can’t really say you’ve got African coverage, if you’re not in Nigeria… Kenya has been destroyed by the impact of NGO funding. On the media side, it’s been well exposed and there’s a lot on the surface. Real substance, companies that are successful? There’s not a lot.

The Kenyan business community have also become discouraged by that. ”The bigger, serious investors lean more towards Nigeria. It’s mostly about market size. You can scale something down here.” A scathing remark if you look at it from the vantage point of a Kenyan techpreneur. But perhaps he makes a good point. Kenyan techpeneurs will have to go back to the drawing board.


https://www.google.de/url?sa=t&source=web&rct=j&url=https://techmoran.com/kenya-tailing-nigeria-africas-silicon-savannah/amp/&ved=2ahUKEwjthPS2vdvaAhUFsKQKHQ9cB4YQFjADegQIARAB&usg=AOvVaw2CtppDjvl8GwjrneAcyObW&ampcf=1

Is this not what we have been telling these Kenyan
kids since 2016?Now it's coming from Kenyan
entrepreneurs themselves. They will still say it's
cooked. Its near impossible for Kenya to compete
beyond East Africa because of two things.
One: internal market size
Two: as this article points out, Kenyans lack the
zeal,brashness and confidence of Nigerians.

Africa’s largest economy recorded the continent’s highest private equity deals in five years, according to data obtained from Africa Private Equity and Venture Capital Association (AVCA).

Nigeria outperformed South Africa and Kenya to record a total of 112.14 deals amounting to $7.8 billion in the five year period of 2012 and 2017, with South Africa recording $2.8 billion while East Africa’s largest economy raked in $1.17 billion.

Although Nigeria had the most deals in terms of value South Africa recorded more deals by volume at 207.32 surpassing Nigeria’s 112.14 and Kenya’s 100.8 private equity deals.

“Nigeria attracted the highest private equity deals in the continent as a result of the business opportunities that investors see in country,” Ayo Akinwumi, Head of Research FSDH said by phone.

“It has a large market size, considering its large and young population, despite the risk, investors see the opportunity available in the diverse sectors of the economy and they take no chance in exploring from the fortune,” Akinwunmi said.

Africa recorded total private equity deals of 953 in volume at $24.4 billion in value from 2012-2017.

Out the total deals that was transacted in the continent, West Africa accounted for 267 deals by volume at a value of $10.7billion, the Southern region followed with a record of 284 deal by volume and at a value of $3.8billion and the Eastern Africa region also recorded one of the highest deal in the continent at a volume of 180 with valued at $2.4billion, among others.

The key area that attracted the most private equity deals in the period under review were the consumer goods sector, information technology, financial services, industrials and information technology.

The number of reported private equity deals that transacted in West Africa stood at 267 between 2012 and 2017, with a total value of $10.7 billion and a median deal seize of $6million.

Nigeria attracted 42 percent volume of the total 267 deals transacted in the region. This also accounts for $7.8 billion or 73 percent in value of the total $10.7 billion which the deals were worth.

https://www.google.de/url?sa=t&source=web&rct=j&url=http://www.businessdayonline.com/nigeria-beats-peers-private-equity-deals-five-years/&ved=2ahUKEwiLx4OiwdvaAhWQL1AKHdm6CzEQFjAAegQIBxAB&usg=AOvVaw3srzdNW10dYuEIwicRTWZd

Please try again - and this time stick to what I mean by Agriculture - as comparison to Nigeria - in some of stats you will see about GP - agri & livestock would include textile & value added manufacturing in there.

Okay so first start from here https://unstats.un.org/unsd/cr/registry/regcst.asp?Cl=27.

And focus on Agriculture: A - Agriculture, forestry and fishing
Breakdown:
This Section is divided into the following Divisions:

01 - Crop and animal production, hunting and related service activities
02 - Forestry and logging
03 - Fishing and aquaculture

Then compare COOKED OVERCOOKED NIGERIA GDP value of agriculture with US or Brazil or any big nation and just see how nonsensical your cooking is.

If that is diffucult I can help you.

obaaderemi:
Your data is always crooked like data from Kenya Bureau of Statistics. Value of US agriculture is way beyond $180billion. In fact value of it's crop and livestock alone is about $400bn not to talk of forestry and others. See chart below from US department of agriculture. This is more authentic than your nonsensical chart.

That is not true. First if South Africans have a problem making it in Kenya - an open economy - due to internal competition - then that tell you Kenya is not your typical sub-saharan country like Nigeria - where South African companies ran the show.

Secondly the list of Nigeria companies who've invested in Nairobi recently is not even 10 - and all of them are burning money & will soon close down.

As regard to Kenya companies in Nigeria - Apart from KQ - they are many others - let me give you one more example- WPP-SCANGROUP - who ran advertising - are definitely in Nigeria.

Scan-group is It is the largest marketing and communication group operating a multi-agency model across multiple disciplines in Sub-Saharan Africa.
https://www.nation.co.ke/business/Scangroup-bids-for-major-stake-in-rival-Kantar-TNS/996-4523596-vnkw4l/index.html

Now the next time you see an advert from Nigeria - it probably will be desgined in Nairobi - and hopefully you'll stop pushing ads in CNN - and loosing all your money.

obaaderemi:


Is this not what we have been telling these Kenyan
kids since 2016?Now it's coming from Kenyan
entrepreneurs themselves. They will still say it's
cooked. Its near impossible for Kenya to compete
beyond East Africa because of two things.
One: internal market size
Two: as this article points out, Kenyans lack the
zeal,brashness and confidence of Nigerians.

Yet another example of a Nigerian company being taken to cleaners. Card transactions in kenya are declining. ATMS are so yesterday - only a nigerian fool would buy them. The deal right now is 1) Mobile Money/Commerce and 2) Agency Banking. Why would you in 21st century in Kenya of all places...be buying ATMS (paynet)....the amount of CAPEX+OPEX - that Nigerian will take - mean they are not going to be making any money any time soon.

In the meantime our banks are turning crazy profits (25% is the norm per annum) because they are using mobile money+agency banking - nearly zero OPERATIONAL COST - JUST A SERVER SOMEWHERE - and some Nigerian fool is coming to bail out a dying company and thinking they'll make money running ATMS : INTER_SWITCH - so 1990!!!!!!!!!! - you can come and take all our ATMS for free - and ran them - most banks would be happy with such a deal - as they focus on mobile/digital strategy.

You can't hack it in Kenya. Try some of other place.But it's golden opportunity for people exiting last decade business to swindle Nigerians. And Kenya has been free market economy for a very long time - any company from anywhere is allowed - the Nigerian are welcome to come and we will help them burn their petro-dollars - but to make profit - that will be nearly impossible.

obaaderemi:
I told the dunce The Barbarians Are At The Door. They made a big mistake by allowing Nigerian banks put a step in. Now Nigerians are buying companies in Kenya. We will continue to prise open Kenya's pretty thighs.

There many such article and we can paste here & there - private equity deals? How about public equity deals - already Nairobi Stock Exchange is bigger than Nigeria Stock Exchange. How about public investment - the amount of money Chinese are investing in Kenya is staggering.

Outside oil - Nigeria cannot beat kenya in FDI. And that despite kenya being a smaller country. Obviously nobody is buying Nigeria's 500B dollar economy BS.

Daejoyoung:
Africa’s largest economy recorded the continent’s highest private equity deals in five years, according to data obtained from Africa Private Equity and Venture Capital Association (AVCA).

Nigeria outperformed South Africa and Kenya to record a total of 112.14 deals amounting to $7.8 billion in the five year period of 2012 and 2017, with South Africa recording $2.8 billion while East Africa’s largest economy raked in $1.17 billion.

Although Nigeria had the most deals in terms of value South Africa recorded more deals by volume at 207.32 surpassing Nigeria’s 112.14 and Kenya’s 100.8 private equity deals.

“Nigeria attracted the highest private equity deals in the continent as a result of the business opportunities that investors see in country,” Ayo Akinwumi, Head of Research FSDH said by phone.

“It has a large market size, considering its large and young population, despite the risk, investors see the opportunity available in the diverse sectors of the economy and they take no chance in exploring from the fortune,” Akinwunmi said.

Africa recorded total private equity deals of 953 in volume at $24.4 billion in value from 2012-2017.

Out the total deals that was transacted in the continent, West Africa accounted for 267 deals by volume at a value of $10.7billion, the Southern region followed with a record of 284 deal by volume and at a value of $3.8billion and the Eastern Africa region also recorded one of the highest deal in the continent at a volume of 180 with valued at $2.4billion, among others.

The key area that attracted the most private equity deals in the period under review were the consumer goods sector, information technology, financial services, industrials and information technology.

The number of reported private equity deals that transacted in West Africa stood at 267 between 2012 and 2017, with a total value of $10.7 billion and a median deal seize of $6million.

Nigeria attracted 42 percent volume of the total 267 deals transacted in the region. This also accounts for $7.8 billion or 73 percent in value of the total $10.7 billion which the deals were worth.

https://www.google.de/url?sa=t&source=web&rct=j&url=http://www.businessdayonline.com/nigeria-beats-peers-private-equity-deals-five-years/&ved=2ahUKEwiLx4OiwdvaAhWQL1AKHdm6CzEQFjAAegQIBxAB&usg=AOvVaw3srzdNW10dYuEIwicRTWZd

0baaderemi:
I bet you've never heard of Cellulant - a kenya company that has been in Nigeria for more than 10yrs now
http://cellulant.com.ng/
Cellulant is running Agrikoer -Cellulant's eWallet technology that to-date has impacted more than 15 Million farmers in Nigeria and Liberia.

Other examples of companies started in Kenya and now in Nigeria.Bridges International Schools, Envirofit, Kopo Kopo (mobile payment systems).I am pretty sure I can find more if I wanted to.

Nigeria Tech scenes - on it's infancy!

However, if those growth rates are met, Nigeria’s gaming industry will still be worth just $85.6m in annual turnover by 2021. [b]That is smaller than the gaming market in Kenya, whose population is around a quarter of Nigeria’s, and a drop in the ocean of the $116bn global indus[/b]try

https://www.ft.com/content/0d4a9852-17df-11e8-9c33-02f893d608c2

SAFARICOM m-pesa may soon hit your shores.

So it appears Barclays sold 9Mobile to Teleology - who wants Safaricom to ran it.

https://guardian.ng/business-services/barclays-africa-hands-over-9mobile-to-teleology-holdings/
In Nigeria MTN’s rival, investment holding company Teleology, has partnered with East Africa’s largest telecoms operator Safaricom to offer mobile services. Teleology Holdings agreed in March to buy 9mobile, Nigeria’s fourth largest telecoms provider.

rvp20182:
There many such article and we can paste here & there - private equity deals? How about public equity deals - already Nairobi Stock Exchange is bigger than Nigeria Stock Exchange. How about public investment - the amount of money Chinese are investing in Kenya is staggering.

Outside oil - Nigeria cannot beat kenya in FDI. And that despite kenya being a smaller country. Obviously nobody is buying Nigeria's 500B dollar economy BS.

Where do you get your data from? These are the top stock exchanges in Africa.

JSE – $3.7 Billion
Nigeria SE – $116.9 Million
Nairobi SE – $44.1 Million
Stock Exchange of Mauritius – $ 10.4 Million
Zimbabwe SE – $5.8 Million
Dar es Salaam SE – $5.7 Million
Bourse Regionale des Valeurs Mobilieres (serving Benin, Burkina Faso, Cote d’Ivoire, Guine Bissau, Mali, Niger, Senegal & Togo) – $5.6 Million
Botswana SE – $4.9 Million
Lusaka SE – $4.3 Million
Uganda Securities Exchange – $2.9Million


Even in public investment, you do not beat Nigeria, if you think you do you can provide proof. Chinese invest here too, but too much of that could be dangerous.

rvp20182:
Nigeria Tech scenes - on it's infancy!

However, if those growth rates are met, Nigeria’s gaming industry will still be worth just $85.6m in annual turnover by 2021. [b]That is smaller than the gaming market in Kenya, whose population is around a quarter of Nigeria’s, and a drop in the ocean of the $116bn global indus[/b]try

https://www.ft.com/content/0d4a9852-17df-11e8-9c33-02f893d608c2

l can't read anything in your link, you are talking about the gaming market, I'm talking about the entire tech scene. You Kenyans should go compete with your mates.

rvp20182:
0baaderemi:
I bet you've never heard of Cellulant - a kenya company that has been in Nigeria for more than 10yrs now
http://cellulant.com.ng/
Cellulant is running Agrikoer -Cellulant's eWallet technology that to-date has impacted more than 15 Million farmers in Nigeria and Liberia.

Other examples of companies started in Kenya and now in Nigeria.Bridges International Schools, Envirofit, Kopo Kopo (mobile payment systems).I am pretty sure I can find more if I wanted to.

Cellulant was founded by a Nigerian and a Kenyan, so it is a Nigerian/Kenyan company, and this is why it has been in Nigeria for over ten years. Again get your facts right.

TIMELINE
Our Story
The journey started with the unlikely meeting of Ken Njoroge and Bolaji Akinboro whose subsequent dinner meeting resulted in doodles of Cellulant’s original business model on a table napkin.

A decade later, the journey of building a successful mobile commerce company in Africa by Africans for Africans continues. Cellulant is now in 8 countries and is serving 25 banks across the continent and has touched the lives of over 10 million customers.

Agreed - We should be competing with South Africa - not 500B dollar gorrilla of peanuts. To compete with Nigerians is to have very low ambitions. Kenya compete globally in many sectors..why should we lower ourselves to your pitiable level. Chance are if you go to Europe..the tea or coffee you'll take will be from Kenya, the flowers on the table, the vegetables, the nuts you'lll east, the lifetime vacation or safari and now even mobile payments will be from kenya.

Daejoyoung:

l can't read anything in your link, you are talking about the gaming market, I'm talking about the entire tech scene. You Kenyans should go compete with your mates.

Really? Nigeria Stock exchange as of feb 2018 - you cap of all equity was Naira 15.125 trillion. That is about 4.2Ksh trillion or 42bilion usd. Therefore if Kenya is 44B - then you know who beat who.

The big boy of NSE is Dangote Cement..which is now valued at 12B dollars..the same case Safaricom is big boy of Nairobi NSE - at 12B...so both exchanges are equal...despite one being a giant of all things NUTS

Nigeria is crappy. Except in COOKED GDP where you claim you agriculture beats US, Brazil and I don't which country?

Daejoyoung:

Where do you get your data from? These are the top stock exchanges in Africa.

JSE – $3.7 Billion
Nigeria SE – $116.9 Million
Nairobi SE – $44.1 Million
Stock Exchange of Mauritius – $ 10.4 Million
Zimbabwe SE – $5.8 Million
Dar es Salaam SE – $5.7 Million
Bourse Regionale des Valeurs Mobilieres (serving Benin, Burkina Faso, Cote d’Ivoire, Guine Bissau, Mali, Niger, Senegal & Togo) – $5.6 Million
Botswana SE – $4.9 Million
Lusaka SE – $4.3 Million
Uganda Securities Exchange – $2.9Million


Even in public investment, you do not beat Nigeria, if you think you do you can provide proof. Chinese invest here too, but too much of that could be dangerous.

Nigeria claims to have a very big GDP - mainly made up of beans, cashew nut, peanuts, ground nuts and kola nuts apparently way bigger than US or Brazil or China's agriculture - and yet world wide Kenya's premier nut brand is well known and most sought after.

OUT OF AFRICA nuts - from kenya nuts limited - one of globally most sought after nuts.


Your primitive agrarian economy cannot even do basic things..like package and branding your nuts...and you claim those nuts are worth 200B dollar in production yearly!!

rvp20182:
I am very happy for them - profit of 20K dollars after six years - what did they sell - some asset? [/b]must be an exceptional item on their P&L. Nigerians cannot hack in Kenya. If South African can't or Europe companies..please try somewhere else.

Actually they made profit after hiring a Kenyan. You can't bring nollywood entertainment nigerian and expect to hack it in Kenya - a very competitive industry.

[b]To beginning with the hiring of its first Kenyan Chief Executive Officer Isaac Mwige.
Read more at: https://www.standardmedia.co.ke/business/article/2000160984/uba-bank-reports-first-profit-in-six-years

I swear I lolled so hard I actually nutted a little,but it was Furahi (happy) day so its all good. Endelea kuwatwanga na mafacts! Usiwasamehe mwanzangu!

I am just helping our brothers.....they should ask South Africa..who over-run Nigeria but found Kenya just too much for them. Nairobi will be their death-bed - It akin to Kenyan companies trying to compete in South Africa...I mean they are many easy fruits to pick including Nigeria.

One market that they failed to come to terms with was Kenya, in part East Africa’s most advanced economy had entrenched brands and was base to a host of multinationals. It’s for that reason that Kenya is interesting, because also being an open economy, it represents one of the most extreme barriers to entry placed by strong competitors, not government as in many parts of Africa. The Nigerian example is instructive too, beyond of the way the country forms loyalties to brands.

http://mgafrica.com/article/2015-12-18-several-false-starts-later-s-african-companies-figure-out-lucrative-kenyan-market

kikuyu2:


I swear I lolled so hard I actually nutted a little,but it was Furahi (happy) day so its all good. Endelea kuwatwanga na mafacts! Usiwasamehe mwanzangu!

rvp20182:
0baaderemi:
I bet you've never heard of Cellulant - a kenya company that has been in Nigeria for more than 10yrs now
http://cellulant.com.ng/
Cellulant is running Agrikoer -Cellulant's eWallet technology that to-date has impacted more than 15 Million farmers in Nigeria and Liberia.

Other examples of companies started in Kenya and now in Nigeria.Bridges International Schools, Envirofit, Kopo Kopo (mobile payment systems).I am pretty sure I can find more if I wanted to.

Where do you get your data from, you keep disgracing yourself on this thread. Envirofit and Bridges International Schools are not Kenyan start ups, and I am still searching for the info on kopokopo in Nigeria. Cellulant is a Nigerian/kenyan collaboration.
You just lie anyhow, you are lucky the spambot drove me away.

Are we in the onyimbo kind thing . Bridges is as kenyan as it's get. It was started here and Kenya remain their biggest base and HQs. They are so many start up that emerges out of Nairobi or target Nairobi/Kenya and shoot for the sky - and even those that starts in Nigeria--- their first port of call is not Ghana - but Kenya or Nairobi - because here in Kenya they will find a truly progressive populace

freshest4live:

Where do you get your data from, you keep disgracing yourself on this thread. Envirofit and Bridges International Schools are not Kenyan start ups, and I am still searching for the info on kopokopo in Nigeria. Cellulant is a Nigerian/kenyan collaboration.
You just lie anyhow, you are lucky the spambot drove me away.

jason14:
Kenyans will soon say they are better in music lol I can't wait

Your music is crap.

rvp20182:
I am just helping our brothers.....they should ask South Africa..who over-run Nigeria but found Kenya just too much for them. Nairobi will be their death-bed - It akin to Kenyan companies trying to compete in South Africa...I mean they are many easy fruits to pick including Nigeria.

One market that they failed to come to terms with was Kenya, in part East Africa’s most advanced economy had entrenched brands and was base to a host of multinationals. It’s for that reason that Kenya is interesting, because also being an open economy, it represents one of the most extreme barriers to entry placed by strong competitors, not government as in many parts of Africa. The Nigerian example is instructive too, beyond of the way the country forms loyalties to brands.

http://mgafrica.com/article/2015-12-18-several-false-starts-later-s-african-companies-figure-out-lucrative-kenyan-market

Again if the kenyan market is as competitive as you say, then why are you a meagre 70billion dollar economy, dont give me that bullcrap about Nigeria cooking her gdp, if anyone can just cook their gdp for the IMF and it would be accepted, then even Somalia and Mauritius can claim to be a 100billion dollar economy, and the IMF would accept too.

Danielnino00:


.
Lupita is a great actress no doubt.. but kindly mention one Kenyan movie she has featured in.... using her achievement in Hollywood to compare with Nigeria entertainment industry is too lame cus Nigeria has many actors/actresses in Hollywood too..

You've definitely heard of Shuga.

rvp20182:
Are we in the onyimbo kind thing . Bridges is as kenyan as it's get. It was started here and Kenya remain their biggest base and HQs. They are so many start up that emerges out of Nairobi or target Nairobi/Kenya and shoot for the sky - and even those that starts in Nigeria--- their first port of call is not Ghana - but Kenya or Nairobi - because here in Kenya they will find a truly progressive populace

Bridges was started in Havard

Show me one country where IMF or WB has criticize their numbers. Nobody cares if you cook your GDP - it's not like there is a prize for that. But try asking for Loan or Investment - and that is when you'll know what IMF or WB think about your 500B dollar economy. You GDP is not cooked - it is over-cooked.

As regard kenyan economy - It's solid at 85-88B - and 10yrs ago it was 20B dollars - so you can say in next 10yrs - we will turn our 85B to 350B --about the size of South Africa.

Cooking GDP will not do anything to Nigeria - except fool nigerians and investor foolish enough to trust nigerian numbers. I mean those multinational that have tried to enter 500B dollar economy - were quickly disappointed and ran for dear life.

Like these guys crying here

Cornel Krummenacher, chief executive officer of Nestle’s equatorial Africa (as sub-Saharan Africa is sometimes called) unit, caused a stir after he was cited as saying by the Financial Times famously saying; “We thought this would be the next Asia, but we have realised the middle class here in the region is extremely small and it is not really growing”.

freshest4live:

Again if the kenyan market is as competitive as you say, then why are you a meagre 70billion dollar economy, dont give me that bullcrap about Nigeria cooking her gdp, if anyone can just cook their gdp for the IMF and it would be accepted, then even Somalia and Mauritius can claim to be a 100billion dollar economy, and the IMF would accept too.

How many schools did they open in Harvard. Bridges was started in Kenya and has it's HQ in Kenya. The initial idea I bet was in some bathroom but eventually Kenya like it has done for so many social start ups - proof the best places to get started. That is why when Nigeria talk of FDI - I just laugh - if you find out how many startups in US (Newyork & San francisco) doing their business principally from kenya - then you won't talk about Nigeria in say tech.

freshest4live:

Bridges was started in Havard

Here is another Kenyan start up - CraftSilicion - who owns LittleCab (with some Safaricom) funding - already in Nigeria to take on Uber. Note- kenya taxi-hailing already beat LAGOS . The number of rides in Uber in Nairobi is second only to Cairo & Joburg. Lagos is distant fourth if not fifth.
http://kenyanwallstreet.com/safaricom-backed-taxi-hailing-app-little-launching-nigeria