Kenya’s technology push leaves investors cold

December 31, 2014 creative attaining-seed, back-hundreds, circumvent-poor, draw-major, drazen-jorgic, gave-hope, help-millions, kenya, mass-market, mobile, mobile-phones, technology-rush, use-their

By Drazen Jorgic NAIROBI (Reuters) – Kenya’s technology rush gave hope that new ideas would help millions of Africans use their mobile phones to circumvent poor infrastructure but local start-ups are failing to draw major investors or create profits. Lack of talent, problems in attaining seed capital and ideas that cannot be sold to a mass market or easily monetized have so far held back hundreds of Kenyan start ups

Continued here:
Kenya’s technology push leaves investors cold