African Tech Roundup
Adedana Ashebir on Village Capital's investor bias report + do expats & repats care about Africa?
Sep 6, 2017 · 36 min
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**Apologies for the poor sound quality** Adedana Ashebir has recently been tasked with heading up Village Capital's business on the continent. In this conversation, Adedana walks Andile Masuku through some of the thinking behind and the findings published in Village Capital's implicatory Bill & Melinda Gates Foundation funded report called Breaking the Pattern: Getting Digital Financial Services Entrepreneurs to Scale in India and East Africa. Among other things, this fintech-focused research highlights the fact that more than 90 percent of funding for East African fintech start-ups typically goes to expatriate founders (European or North American), and the fact that despite East Africa posting a record haul in terms of start-up investment ($84.7million or R1.13billion) over the last two years, a whopping 72 percent of that funding has gone to just three companies - namely, M-Kopa, Off-Grid Electric and Angaza. Adedana factors in on the lively debate that's ensued in the wake of the report being published, and shares candid insights on the awkward dynamics of navigating the continent's emerging tech scene as a repat.
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