Why local funding is critical for ICT projects

Erick,

Australia has a population less than half of ours (in Kenya). In 2018,
their 2018 investment in technology/ services (including labour) is
projected to exceed U$ 60 Bln.
www.businessinsider.com.au/spending-on-technology-in-australia-is-about-to-hit-63-billion-2018-2

*How much do we spend/invest in Kenya?*

Wicked investors bought off wicked officials to get approvals (not
compliant with planning laws). Decent investors are losing their life
savings after buying properties from wicked developers. The decent Kenyans
could not access information to verify if due process was followed because
wicked officials make it almost impossible to access/verify data.

In Kenya, we *simply* need to invest a minimum of KES 100 Bln (U$ 1 Bln)
per annum on technology/services to enable Access to Information suppressed
by opaque officials.

Article Quote:
www.nation.co.ke/oped/opinion/Open-Data-should-help-in-the-fight-against-corruption/440808-4716762-ke0r8tz/index.html

“Despite the number of Internet users in Kenya having increased
exponentially in the past decade and growing awareness of big data and data
analytics in both the private and public sectors, adoption of the Kenyan
Open Data portal remains dismally low.

Part of the low uptake is attributed to the fact that availability of
information, especially on government spending, allows the public to bring
the fight on corruption closer home.

For instance, if a ministry is spending Sh500 million on teas and
conferences, and Sh300 million on its core services, then there is
something wrong, and people begin to ask vital questions.”

On Fri, Aug 17, 2018 at 1:22 PM Erick Mwangi via kictanet <
kictanet@lists.kictanet.or.ke> wrote:

> Great discussions.
>
> Case 1.
>
> In 1990 when Roger Milla scored against Argentina and danced at the corner
> flag – a whole generation of African footballers was born. in 1995, George
> Weah stepped on the podium and scooped the Ballon d’Or, the Onze d’Or
> and scooped the World Footballer of the year, a whole generation believed.
> The rest is history.
>
> Case 2.
> When WhatsApp sold to Facebook for $19B, the messaging world took notice
> and the rest is history.
>
> My point we still have not yet had successful exits in KE. the successful
> ones are the ones who bought land along Thika road and were compensated by
> the government for huge amounts, hence why we ALL buy land. Thats our
> success story.
>
> I have advised some waheshimiwas /owners of capital on Tech and its
> impossible to move the needle from Land to Tech, unless, well someone exits
> and they will believe.
>
> But its only a matter of time.
>
> Lastly. I stopped decompressing with Social Media, Business articles /
> Media re KE tech scene. I made that mistake some time 2016 – brought some
> investors and on the ground there was simply nothing. The knowledge gap was
> so HUGE. We hype ourselves too much on these streets I think. That said I
> know there is a small number doing great stuff, but very small.
>
>
>
> E Njoroge Mwangi
> Technology| FINTECH | Big Data
>
> Cell +44 7539372742
> Skype: Erick.mwangi
>
> On Fri, Aug 17, 2018 at 10:22 AM, Ahmed Mohamed Maawy via kictanet <
> kictanet@lists.kictanet.or.ke> wrote:
>
>> Hello Muraya,
>>
>> Great topic for discussion.
>>
>> Simply speaking I could sight 2 issues (from personal observation) that
>> we may need to address.
>>
>> *Risk taking culture*
>>
>> From experience, this goes beyond folks with deep pockets and banking
>> institutions and other financial players in the market. Conversations with
>> folks in these circles end up with the blank statement that “IT is a Big
>> Risk Investment”. Thus we opt for solid less risk investments – real
>> estate, shopping malls, shopping centers, etc. As much as it is our job as
>> IT practitioners to convince these folks otherwise, its a double edged
>> sword. Its sometimes perceptions like these ones from the folks who can
>> invest money into risk areas that create an economy that is net import
>> instead of net export. End of the day folks won’t stay in houses and shop
>> in malls they can’t afford to shop in if the economy will not create
>> surplus revenues from products that will bring in net revenue.
>>
>> Granted business is all about returns, but who knew Mark Zuckerberg could
>> launch the largest online community from a dorm? What if he just decided to
>> build a shopping mall? The biggest wins are always in uncharted
>> territories. So its on us and our investment partners to look at things
>> differently.
>>
>> *Scalability*
>>
>> We also need to give a compelling reason why our products are not just
>> enough for the job. A lot of innovations stagnate at the “it does enough”
>> zone and fail to look for bigger fish to fry. There is also an attention to
>> detail issue in the equation. Basically, if we produce whats sufficent and
>> not whats excellent, we compromise on principles of great product
>> development. We need to think beyond this.
>>
>> Just my 2 cents…
>>
>> On Fri, Aug 17, 2018 at 11:43 AM S.M. Muraya via kictanet <
>> kictanet@lists.kictanet.or.ke> wrote:
>>
>>> Last week Walu penned some very pertinent thoughts (will create a second
>>> thread for that article). The current one is somehow related
>>>
>>>
>>>
>>> www.nation.co.ke/oped/blogs/dot9/walubengo/Why-local-funding-critical-for-ICT-projects/2274560-4715472-rn8g4kz/index.html
>>>
>>>
>>> Quote: “What is this that foreign investors see in our ICT potential
>>> that local investors don’t? Additionally, what are the ‘strings’ attached,
>>> which more often than not go hand in hand with foreign money… our
>>> typical local investor is only interested in the traditional assets..”
>>>
>>> Reality: We (veterans in ignoring/undermining each other) did not model
>>> decency for upcoming talent and now they worship foreigners who due to
>>> cultural differences (misunderstanding) cannot move our nation forward.
>>>
>>>
>>> businesstech.co.za/news/cloud-hosting/251373/amazon-and-microsoft-talk-up-south-african-data-centres/
>>>
>>> Case

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