Comments on: Angel Investors in East Africa

By: Lascelles Chen

Lascelles Chen — Mon, 04 Jun 2012 14:58:11 +0000

I am looking for venture capital financing of US$350,000 to finance the establishment of MFmobile Ltd.. The company will be a microfinance (MFI) company which will offer ICT based financial services to the masses, using mobile telephony and electronic money platforms. Savings and credit are the two initial financial products that will be offered to members of groups ranging from 5 - 50. The MFmobile business model is differentiated from the services currently being offered by other MFIâ€s by the capabilities of its software application which replaces most of the front and back office functions in a normal MFI. There are no credit officers, no tellers, no group meetings, no cash transactions, and no branches. Customers are only required to satisfy KYC (know your customer) requirements once per year.

By: HASH

HASH — Wed, 24 Aug 2005 00:17:23 +0000

Aly, I just listened to Preble’s take on the Darfur situation. I completely agree with him that this is an African problem that requires African’s to solve it. I could care less about his reasoning for not having the US take on more of a role in this region – my concern is more with Africa taking care of itself, be it the US or someone else.

I think assuming that the US, or some other Western government, must be involved makes a mockery of the competency of Africans and continues the deception that Africans can’t take care of themselves.

The only time African nations will be able to pull themselves out of the political, economic and thieving muck that they are in right now is when they start taking responsibility for themselves. No more leaning on the West, no more pointing the finger at someone else as their reason for incompetence and inadequacy.

By: aly hawkins

aly hawkins — Tue, 23 Aug 2005 16:12:33 +0000

This is slightly off-topic, but I thought you might be interested in a commentary by Christopher Preble of the Cato Institute I heard on NPR this morning. He argues that the ongoing problems in Darfur should be handled by Africans with the world's support, not the other way around. You can listen here.