Comments on: There’s a Problem with Seed Capital in Africa

By: Amoroso Gombe

Amoroso Gombe — Sat, 10 Apr 2010 15:58:05 +0000

Very true. I have what I think is a fabulous business idea but getting funding is impossible. I have people telling me unless you need 80 million shillings we’re not interested, but who needs 80 million shillings at the start! I’m starting and financial services IT company not building a hydroelectric dam!

By: Crowdfunding and Seed Funding in African Tech — WhiteAfrican

Crowdfunding and Seed Funding in African Tech — WhiteAfrican — Tue, 09 Mar 2010 17:27:15 +0000

[...] written a couple of times about the lack of seed funding in Africa, and how to find the entrepreneurs to fund if you did have seed capital. We’re starting to [...]

By: Will

Will — Tue, 23 Jun 2009 07:35:30 +0000

http://www.paulgraham.com/startupfunding.html

By: Melanie

Melanie — Wed, 04 Feb 2009 18:15:03 +0000

I am an owner of a fully accredited training company in South Africa – we deliver fully accredited courses to our learners. Yet it is impossible to get investors to invest into our company for expansion as the need has risen – due to the poor quality educational institutions that are currently in South Africa. I have done accreditation assistance to many companies who are not willing to do the layout for accreditation – so they just go ahead lying to their learners – and make lots of money through this. Most educational institutions in South Africa are not accredited for the courses they claim to be — this I know for a fact. Further the corruption in this country has taken its toll on education within the corporate world – this has exhausted the education budgets within the companies to such effect that training does not get done – although their performance systems states it does. We are trying to make a difference in building up the quality of the system – so that all graduates are on the same level – we go the extra mile in ensuring that all students get the support they need to graduate from our programmes competently – gaining the knowledge, skills and attitudes to do their jobs adequately. Yet, we find it impossible to expand due to lack of funds in our country and not finding investors. I have read what all of you had said and it will be interesting to know who of you are willing to assist in this project together with Future Performance Training for a brighter future. We have the experience, the knowhow, great innovative thinkers within our company – we have great potential – we have everything in order – yet we do not have the money to make this a success – the question is do we close our doors – or do we keep our heads high and push through this storm – educating the little amount of learners we can only handle now – or do we go out and make a difference in this world – through people with courage and honesty and let’s not forget money, to make this educational institution one of the greatest companies in Africa.

By: Saul

Saul — Tue, 11 Nov 2008 18:33:59 +0000

I think this is very true – the need for credit or at least money in the African economies is critical. Even in the highly monetized country of SA it is incredibly hard to access seed money for any kind of business.
I would love to be invloved with a group of people that is looking at how to get credit into these economies. As someone that grew up in SA and has lived many years in the USA I understand the difference and the impact of this difference on opportunities. I will be returing to SA soon to live for a while – if anyone needs an SA/Southern Africa representative I am your man

By: Who’s Blogging About African Tech? - Appfrica

Who’s Blogging About African Tech? - Appfrica — Sun, 09 Nov 2008 23:40:14 +0000

[...] Sample Post – There’s a Problem with Seed Capital in Africa [...]

By: Why Are Nigerian Start-ups Left Out of VC Funding - Start-Up News? | Internet Startups

Fri, 07 Nov 2008 12:12:54 +0000

[...] global start-ups, how much more for African start-ups or even Nigerian start-ups? Erik Hersman of White African suggests that Africa should figure out a way to foster earlier stage investments as a community of [...]

By: StartupsNigeria » Why Are Nigerian Start-ups Left Out of VC Funding?

StartupsNigeria » Why Are Nigerian Start-ups Left Out of VC Funding? — Fri, 07 Nov 2008 10:11:35 +0000

By: 20 Ideas for Social Entrepreneurs [Part 1] - Appfrica

20 Ideas for Social Entrepreneurs [Part 1] - Appfrica — Wed, 29 Oct 2008 14:40:26 +0000

[...] members to submit ideas that the community gets to approve funding for. Judging by the response to this post, this idea would be well [...]

By: Wilf

Wilf — Sun, 26 Oct 2008 18:44:57 +0000

Update: We are thinking of using diasporainvestment.com pretty much in a similar way to opencofee club [http://opencoffee.ning.com/] where any african or friend of africa can start their own local diaspora investment group and then use the diasporainvestment network to connect to all the other investors around the world.