A piece of news I read in Wired grabbed my attention: Google plans to acquire Vestas’ 12.5% share in what will be Africa’s largest wind farm – Lake Turkana Wind Power (LTWP), in Kenya. Energy is a key input for Google’s business – they need to ensure reliable provision. This investment may be a sign […]
The Course of Connectivity
Anywhere and everywhere you look in Nigeria or Kenya, you will find people on their mobile phones and other gadgets. One of my colleagues sent me a presentation by Frost & Sullivan titled “Mega Trends in Africa: Macro-to-Micro Implications for Business, People, and Society.” It covers a wide range of issues: from the future of banking […]
Creating a Middle Class: The Role of Companies
A frequent comment in my interviews with executives from sub-Saharan African (SSA) companies has been, “What really drives this company is job creation… of course, we want to make money, and we do make money… but our real driver is to create employment.” I mentioned this in a previous post. But I want to bring […]
Patient Capital
In an earlier post, I talked about a Kenyan bank that began operations in South Sudan in 2006. At the time, the country was just emerging from the war, and no bank operated in the country. The perspective of making profits in South Sudan was in the distant horizon for the Kenyan bank. But the management team […]
Into Africa: Routes to Failure and Success!
When I told a Spanish friend about my engagement with Africa, she said: “I’d love to go there and get them organized!” I thought to myself, “Thank God you’re not going!” My friend’s attitude is the same as that of some MNCs and NGOs: it’s an ethnocentric perspective that doesn’t recognize country differences – not to mention the value of […]
