African Sunrise Insight: Kenya: Hotbed of Entrepreneurship and Innovation
New 52-page Insight report: summary version here. Subscribe or buy on www.afrsunstore.com. Contact us for service options.
Entrepreneurs in Nairobi: Inspired by President Obama. President Obama encouraged young entrepreneurs at the Global Entrepreneurship Summit in Nairobi—a boost to business development and job creation. We met business leaders developing homegrown solutions to African challenges—while opening up new industries.
Hotbed of ______ (Fill in the Blank!) CNN, in reporting on the President’s trip, referred to Kenya as a “hotbed of terrorism.” Throughout the GES, Kenyan officials referred to their country as a hotbed of growth or innovation—forcing CNN to backpedal from this characterization of one of the most dynamic economies on the continent.
CEOs: How To Boost Business. At a CEO roundtable, African and global CEOs outlined ideas: localization, worker training, corporate commitment to developing local markets, and the opening up of borders for freer movement of people, capital, goods, and services.
Banks and Telcos: More Financial Innovation. Kenya’s Equity Bank, KCB, and Safaricom are in a battle to develop—and sell—new tech-enabled financial services solutions for SMEs. Improved access to finance and services should yield better business performance, expanded financial inclusion, and overall economic expansion.
Consumer Status Report: Stores Battling it Out for Share. Kenya’s consumer markets are vibrant, competitive and open to new ideas. Spending growth may be curtailed in the near term if the weak shilling causes inflation. New supermarkets are opening right and left—a sharp focus on costs will be essential if stores are to be profitable.
Capital Markets: Need More Listed Companies. African capital markets are developing, slowly. We believe flotation of large, well-run, privately held firms and privatization of parastatals would boost stock exchange development and bring down the cost of capital.
What's next? We are just back from Johannesburg and Cape Town, South Africa, Gabon (for the New York Forum Africa), and Ethiopia (where we participated in the Japan-Africa Business Forum and met with local sources). Reports coming soon.
We'll be in Colorado Springs speaking about Africa at the Gasification Technologies Conference Oct 12-13. We encourage African consulates and embassies to send business development staff to this event-- it's a potential new area of investment for hydrocarbon-rich countries. Contact us for information.
We then head to Washington for the second full meeting of the President's Advisory Council on Doing Business in Africa, to be held on October 14. The PAC-DBIA meeting will be webcast via www.whitehouse.gov. Stay tuned for the PAC-DBIA's next set of recommendations for President Obama, as to how the U.S. Government can help boost commercial engagement between the U.S. and Africa.
New York/East Coast marketing throughout October and early November. London marketing dates: Nov 10-11. We will be in Johannesburg and Cape Town from Nov 12-19, visiting companies and clients, and attending the Africa com communications & technology industry conference.
African Sunrise Partners LLC Online Store. You can purchase reports or subscriptions online at www.afrsunstore.com. We offer discounted rates for smaller firms, Africa-based companies, government agencies, or nonprofits. Contact us for a discount code.
Why Become an ASP Client? We Open Doors for Profitable Investment in Africa. We’ve made 35+ trips to Africa, have a seat on the US President’s Advisory Council on Doing Business in Africa, and bring deep knowledge of why Africa matters to international business. ASP’s 50-report business intelligence library, advisory services, and speaking engagements help our clients make better decisions for more profitable investments on the continent.
Now is the Time to Sharpen your Africa Strategy. Even if you're not actively putting funds to work directly on the continent, this is the time to build your knowledge. If you run a global portfolio or operate a global business, Africa matters to you already. African markets are growing rapidly and the competitive dynamics on the continent may have broad repercussions for companies in different industry groups.
What Makes African Sunrise Partners Valuable to You?
- We get information directly from our own sources. 4-6 trips/year to Africa, over 35 trips since 2007.
- We bring a global perspective: 25+ years’ experience in global equity research, extensive frontier and EM work, massive network of sources.
- Covering sectors that matter to global investors and companies: ndustrials/infrastructure/power, consumer, agribusiness, tech/telecom, financial services.
- We can save you time and money: our business intelligence offers hard-to-find information based on our own legwork. Commentary on public and private companies, local and multinational names.
- We are connectors. Need to talk to a source on a key issue? Looking for a local partner or insight into a particular market works? We have over 8,000 names in our database—let us connect you to people on the front lines of African business.
Founder and Managing Director, African Sunrise Partners LLC
Member, US President's Advisory Council on Doing Business in Africa
+1 845 363 4622 (phone, mobile, fax)