Kenyan firms bask in golden age of private equity funds in Africa

Recently, I was interviewing the manager of one of the top incubation hubs in Nairobi. His excitement was palpable as he talked about some of the brilliant software projects a small army of geeks across the room from us had developed.

His face, however, clouded when I asked him why we are yet to hear anything about these projects and whether the developers were just making apps to win competitions or were building scalable businesses that could employ people and turn a profit.