If there is any time to be an entrepreneur, specifically a techpreneur in Kenya, the time is now. The fundamentals are positive, a growing economy with increasing disposable income, a pro-technology policy approach by the government, high velocity of money circulation influenced by mobile money and an emerging financial services structure based on the mobile phone.

These indeed are interesting times albeit the hiccups, the opportunity is immense. Creativity of entrepreneurs, leaders and decision makers are likely to be rewarded with the creation of value, wealth, jobs and industries. New business models are likely to disrupt existing ones, take a look at how M-Pesa doubled up as a bank to the unbanked and resulted in a flood of services bridged by M-Pesa offered by conventional banks. If incumbent business will not adapt their processes to changing times, their likely to be hit by a tidal wave of market reorientation in the favour of value adders. The days for the dukawalla nooses on the market are numbered if not yet gone.

Consumption of content has grown exponentially over the mobile web and about 20% of Kenyan internet users are on Facebook. The stickability of the internet has exposed itself on the local market, the basic ingredients are there, its all about putting two and two together and producing value.
Have a bullish 2011.


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